Insider Selling: B2Gold (TSE:BTO) Insider Sells 7,000 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Randall Chatwin sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of C$5.33, for a total value of C$37,310.00. Following the completion of the transaction, the insider directly owned 40,199 shares of the company’s stock, valued at approximately C$214,260.67. This represents a 14.83% decrease in their ownership of the stock.

B2Gold Price Performance

Shares of TSE BTO opened at C$5.87 on Wednesday. The stock has a fifty day simple moving average of C$5.13 and a two-hundred day simple moving average of C$4.68. B2Gold Corp. has a 1-year low of C$3.16 and a 1-year high of C$5.99. The firm has a market cap of C$7.77 billion, a price-to-earnings ratio of -16.77, a price-to-earnings-growth ratio of -0.27 and a beta of 0.48. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. B2Gold’s dividend payout ratio is currently -34.29%.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded B2Gold to a “moderate buy” rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, B2Gold has an average rating of “Hold” and a consensus target price of C$6.75.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.