Peter Dominic Montano Sells 2,528 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Peter Dominic Montano sold 2,528 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$14,864.64. Following the completion of the sale, the insider directly owned 6,629 shares of the company’s stock, valued at C$38,978.52. The trade was a 27.61% decrease in their position.

Peter Dominic Montano also recently made the following trade(s):

• On Thursday, July 2nd, Peter Dominic Montano sold 61 shares of B2Gold stock. The shares were sold at an average price of C$5.73, for a total transaction of C$349.53.
• On Wednesday, June 17th, Peter Dominic Montano sold 61,254 shares of B2Gold stock. The stock was sold at an average price of C$6.51, for a total transaction of C$398,763.54.

B2Gold Trading Down 3.1%

TSE:BTO opened at C$5.58 on Wednesday. The stock has a market cap of C$7.43 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. B2Gold Corp. has a one year low of C$4.56 and a one year high of C$8.60. 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 business’s 50-day simple moving average is C$6.18 and its 200 day simple moving average is C$6.57.

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

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, June 10th. B2Gold’s payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their price target on shares of 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$9.15.

Key Headlines Impacting B2Gold

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

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.