John Alex Rajala Sells 4,129 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider John Alex Rajala sold 4,129 shares of B2Gold stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$24,278.52. Following the transaction, the insider directly owned 317,276 shares in the company, valued at C$1,865,582.88. The trade was a 1.28% decrease in their position.

John Alex Rajala also recently made the following trade(s):

• On Thursday, July 2nd, John Alex Rajala sold 152 shares of B2Gold stock. The stock was sold at an average price of C$5.73, for a total value of C$870.96.

B2Gold Price Performance

Shares of BTO opened at C$5.58 on Wednesday. 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 stock has a 50 day simple moving average of C$6.18 and a 200 day simple moving average of C$6.57. B2Gold Corp. has a 52-week low of C$4.56 and a 52-week high of C$8.60. The firm has a market capitalization of C$7.43 billion, a PE ratio of 14.68, a P/E/G ratio of -0.27 and a beta of 1.73.

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

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. B2Gold’s dividend payout ratio (DPR) is presently 21.05%.

B2Gold News Roundup

Here are the key news stories impacting B2Gold this week:

• Negative Sentiment: Multiple insiders, including directors and executives, sold shares over July 2-3, with several larger transactions at C$5.73-C$5.88. Notable sales included Randall Chatwin, William Lytle, Michael Andrew Cinnamond, Dennis Stansbury, and Peter Dominic Montano. While these sales were not necessarily large relative to each insider’s holdings, the concentration of selling can weigh on investor sentiment. B2Gold (TSE:BTO) Insider Dennis Stansbury Sells 10,364 Shares of Stock
• Neutral Sentiment: A Northern Miner article highlights attention on B2Gold’s new CEO and the company’s Goose project, suggesting investors are also watching execution and project progress as a possible medium-term catalyst. B2Gold’s new CEO gets his Goose test
• Neutral Sentiment: Recent operational and valuation context remains broadly steady: B2Gold recently reported C$0.26 quarterly EPS on C$1.61 billion in revenue, and analysts still carry a moderate buy view with upside to the current price target. B2Gold stock page

Wall Street Analyst Weigh In

Separately, National Bank Financial raised 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.