Insider Selling: B2Gold Corp. (TSE:BTO) Director Sells 86,496 Shares of Stock

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG Director Clive Thomas Johnson sold 86,496 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$333,009.60.

B2Gold Trading Up 2.4 %

B2Gold stock traded up C$0.11 during mid-day trading on Tuesday, reaching C$4.73. 2,864,156 shares of the company traded hands, compared to its average volume of 3,670,595. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The firm's 50 day moving average price is C$3.73 and its 200 day moving average price is C$3.94. The firm has a market capitalization of C$4.37 billion, a price-to-earnings ratio of -5.44, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a 52-week low of C$3.16 and a 52-week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, March 7th. B2Gold's dividend payout ratio is presently -25.32%.

Analyst Upgrades and Downgrades

BTO has been the subject of a number of recent analyst reports. TD Securities lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. BMO Capital Markets lowered their price target on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. Finally, Cormark upgraded shares of B2Gold from a "market perform" rating to a "buy" rating and upped their price target for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$6.01.

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About B2Gold

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.