Insider Selling: B2Gold Corp. (TSE:BTO) Senior Officer Sells C$208,138.70 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer William Lytle sold 54,062 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70.

B2Gold Stock Up 1.7 %

Shares of TSE BTO opened at C$4.26 on Friday. The firm has a market cap of C$3.94 billion, a P/E ratio of -4.90, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. B2Gold Corp. has a 1 year low of C$3.16 and a 1 year high of C$4.84. The firm’s 50 day moving average price is C$3.71 and its 200 day moving average price is C$3.93.

B2Gold Cuts Dividend

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

Analyst Upgrades and Downgrades

BTO has been the topic of several recent research reports. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. BMO Capital Markets lowered their price target on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Cormark raised B2Gold from a “market perform” rating to a “buy” rating and upped their target price for the company from C$4.50 to C$6.25 in a research note on Friday, February 21st. One investment 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. According to data from MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and an average target price 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.