B2Gold (TSE:BTO) Insider Sells C$60,940.32 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Dennis Stansbury sold 10,364 shares of the firm’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$60,940.32. Following the completion of the sale, the insider owned 939,034 shares in the company, valued at C$5,521,519.92. The trade was a 1.09% decrease in their ownership of the stock.

B2Gold Stock Performance

Shares of BTO stock opened at C$5.37 on Thursday. The company has a market cap of C$7.16 billion, a P/E ratio of 14.13, a PEG ratio of -0.27 and a beta of 1.73. The firm has a fifty day moving average price of C$6.17 and a 200 day moving average price of C$6.57. The company has a current ratio of 1.19, a quick ratio of 3.33 and a debt-to-equity ratio of 14.16. B2Gold Corp. has a 12 month low of C$4.56 and a 12 month high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$1.61 billion for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%. Sell-side analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Announces Dividend

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

Wall Street Analyst Weigh In

Separately, National Bank Financial upped 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.15.

B2Gold Company Profile

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.