Peter Dominic Montano Sells 61,254 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Peter Dominic Montano sold 61,254 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$6.51, for a total transaction of C$398,763.54. Following the sale, the insider owned 456 shares of the company’s stock, valued at C$2,968.56. This represents a 99.26% decrease in their position.

B2Gold Stock Down 0.7%

BTO stock opened at C$6.04 on Friday. The firm has a market cap of C$8.05 billion, a PE ratio of 15.89, a PEG ratio of -0.27 and a beta of 1.61. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The firm’s 50 day moving average price is C$6.45 and its 200-day moving average price is C$6.63. B2Gold Corp. has a one year low of C$4.56 and a one year high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. The firm 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%. On average, equities research analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. B2Gold’s dividend payout ratio is 21.05%.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their price objective on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.