Neil Reeder Sells 8,482 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Neil Reeder sold 8,482 shares of the firm’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$49,874.16. Following the sale, the insider owned 10,067 shares of the company’s stock, valued at C$59,193.96. This trade represents a 45.73% decrease in their position.

B2Gold Stock Performance

BTO stock traded down C$0.21 during mid-day trading on Wednesday, hitting C$5.37. The company had a trading volume of 5,032,903 shares, compared to its average volume of 6,518,300. The firm has a market cap of C$7.16 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. B2Gold Corp. has a 12 month low of C$4.56 and a 12 month high of C$8.60. The stock’s fifty day moving average price is C$6.17 and its two-hundred day moving average price is C$6.57.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share 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 during the quarter. On average, analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio is 21.05%.

Analyst Ratings Changes

Separately, National Bank Financial increased their price target on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.