B2Gold (TSE:BTO) Insider William Lytle Sells 817,121 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 817,121 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$7.33, for a total value of C$5,989,496.93. Following the transaction, the insider owned 38,975 shares of the company’s stock, valued at C$285,686.75. This trade represents a 95.45% decrease in their position.

B2Gold Stock Performance

Shares of BTO stock opened at C$7.12 on Friday. 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$7.52. The stock has a fifty day moving average of C$6.00 and a two-hundred day moving average of C$5.07. The firm has a market capitalization of C$9.42 billion, a PE ratio of -20.34, a price-to-earnings-growth ratio of -0.27 and a beta of 0.82.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 23rd were issued a $0.02 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. B2Gold’s dividend payout ratio is -34.29%.

Analysts Set New Price Targets

Separately, Raymond James Financial upgraded B2Gold to a “moderate buy” rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$6.75.

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.