B2Gold Corp. (TSE:BTO) Director Acquires C$203,500.00 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Gregory Barnes acquired 50,000 shares of B2Gold stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of C$4.07 per share, for a total transaction of C$203,500.00.

B2Gold Stock Up 0.5 %

Shares of TSE:BTO opened at C$3.87 on Friday. 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 has a market capitalization of C$3.58 billion, a PE ratio of -4.45, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The firm’s 50-day moving average is C$3.63 and its two-hundred day moving average is C$3.91. B2Gold Corp. has a 1 year low of C$3.16 and a 1 year high of C$4.84.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.07%. B2Gold’s payout ratio is -25.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BTO. BMO Capital Markets reduced their price objective 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. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Cormark upgraded 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 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$6.01.

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.