B2Gold (TSE:BTO) Director Sells C$82,843.32 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Michael Andrew Cinnamond sold 14,089 shares of the company’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the sale, the director directly owned 315,371 shares of the company’s stock, valued at C$1,854,381.48. The trade was a 4.28% decrease in their position.

B2Gold Price Performance

Shares of TSE:BTO opened at C$5.37 on Thursday. The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16. The stock has a market capitalization of C$7.16 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The firm’s 50 day moving average price is C$6.17 and its 200-day moving average price is C$6.57. B2Gold Corp. has a twelve month low of C$4.56 and a twelve month high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. The business had revenue of C$1.61 billion during the quarter. Equities research analysts expect that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio is 21.05%.

Analysts Set New Price Targets

Separately, National Bank Financial boosted their price target on B2Gold from C$10.00 to C$10.70 and gave the company an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.15.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.