Insider Selling: B2Gold (TSE:BTO) Insider Sells C$82,843.32 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 14,089 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the transaction, the insider directly owned 218,475 shares in the company, valued at approximately C$1,284,633. This represents a 6.06% decrease in their ownership of the stock.

B2Gold Stock Performance

TSE:BTO opened at C$5.37 on Thursday. The company has a market capitalization of C$7.16 billion, a price-to-earnings ratio of 14.13, a PEG ratio of -0.27 and a beta of 1.73. The business has a 50 day moving average of C$6.17 and a 200 day moving average of C$6.57. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33. B2Gold Corp. has a 1-year low of C$4.56 and a 1-year 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 EPS for the quarter. The firm had revenue of C$1.61 billion for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. On average, 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 given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is presently 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 company an “outperform” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$9.15.

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. There is no dependence on a particular purchaser because the gold is sold into a global market.