Insider Selling: B2Gold Corp. (TSE:BTO) Senior Officer Sells 27,862 Shares of Stock

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG Senior Officer Eduard Bartz sold 27,862 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the transaction, the insider now owns 16 shares in the company, valued at C$62.24. The trade was a 99.94 % decrease in their ownership of the stock.

B2Gold Stock Up 1.7 %

Shares of TSE BTO traded up C$0.07 during midday trading on Friday, reaching C$4.26. 6,226,279 shares of the company's stock traded hands, compared to its average volume of 3,614,728. The company has a market cap of C$3.94 billion, a price-to-earnings ratio of -4.90, a P/E/G ratio of -0.27 and a beta of 1.23. The stock's 50 day simple moving average is C$3.70 and its 200-day simple moving average is C$3.93. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. B2Gold Corp. has a one year low of C$3.16 and a one year high of C$4.84.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be issued a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.88%. B2Gold's dividend payout ratio is presently -25.32%.

Analysts Set New Price Targets

BTO has been the topic of several research analyst reports. BMO Capital Markets cut their price objective on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. TD Securities cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, Cormark raised shares of B2Gold from a "market perform" rating to a "buy" rating and boosted their price objective for the company from C$4.50 to C$6.25 in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$6.01.

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B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.