B2Gold (TSE:BTO) Trading Down 1.7% on Insider Selling

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price traded down 1.7% on Tuesday after an insider sold shares in the company. The company traded as low as C$4.60 and last traded at C$4.63. 735,404 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 3,884,959 shares. The stock had previously closed at C$4.71.

Specifically, Director Jerry Korpan sold 120,000 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of C$4.63, for a total transaction of C$555,600.00. Also, Director Clive Thomas Johnson sold 99,465 shares of the business’s stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total value of C$376,972.35. In other news, Senior Officer Eduard Bartz sold 13,161 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total value of C$49,880.19. Following the completion of the sale, the insider now directly owns 16 shares of the company’s stock, valued at C$60.64. This represents a 99.88 % decrease in their ownership of the stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BTO shares. BMO Capital Markets cut their price objective on shares of B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 31st. Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, B2Gold currently has an average rating of “Moderate Buy” and an average price target of C$5.94.

B2Gold Stock Performance

The firm has a market capitalization of C$4.26 billion, a P/E ratio of -5.31, a P/E/G ratio of -0.27 and a beta of 1.23. 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 50-day moving average price of C$4.05 and a two-hundred day moving average price of C$3.98.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -25.32%.

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.