B2Gold (TSE:BTO) Insider Ninette Krohnert Sells 4,700 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Ninette Krohnert sold 4,700 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 transaction of C$27,636.00. Following the completion of the sale, the insider owned 62,557 shares in the company, valued at C$367,835.16. This represents a 6.99% decrease in their position.

B2Gold Price Performance

BTO opened at C$5.37 on Thursday. B2Gold Corp. has a 1 year low of C$4.56 and a 1 year high of C$8.60. The firm’s fifty day moving average price is C$6.17 and its two-hundred day moving average price is C$6.57. The company has a market capitalization of C$7.16 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of -0.27 and a beta of 1.73. 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 (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The company had revenue of C$1.61 billion during the quarter. As a group, analysts anticipate that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is presently 21.05%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their target price 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, B2Gold currently 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.