B2Gold Corp. (TSE:BTO) Director Clive Thomas Johnson Sells 86,496 Shares

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

B2Gold Price Performance

B2Gold stock opened at C$4.26 on Friday. B2Gold Corp. has a 52 week low of C$3.16 and a 52 week high of C$4.84. The company’s 50 day moving average price is C$3.71 and its two-hundred day moving average price 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. The stock has a market cap of C$3.94 billion, a P/E ratio of -4.90, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on BTO. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Cormark raised B2Gold from a “market perform” rating to a “buy” rating and raised their price objective for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. Finally, BMO Capital Markets decreased their price objective on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$6.01.

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.