B2Gold (TSE:BTO) Director Sells 200,000 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Jerry Korpan sold 200,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the completion of the sale, the director directly owned 2,280,000 shares in the company, valued at C$16,096,800. This represents a 8.06% decrease in their ownership of the stock.

B2Gold Stock Up 0.7%

TSE BTO traded up C$0.05 during trading hours on Friday, reaching C$7.12. 1,499,845 shares of the company’s stock traded hands, compared to its average volume of 6,139,031. B2Gold Corp. has a 52-week low of C$5.02 and a 52-week high of C$8.60. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33. The firm has a 50-day simple moving average of C$5.74 and a 200 day simple moving average of C$6.43. The firm has a market cap of C$9.41 billion, a PE ratio of 12.71, a PEG ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The business had revenue of C$1.12 billion for the quarter. Sell-side analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio is currently 14.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating and raised their price target for the company from C$6.50 to C$11.00 in a research report on Monday. TD upgraded shares of B2Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$6.00 to C$8.50 in a report on Monday. Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, B2Gold presently has a consensus rating of “Buy” and a consensus price target of C$9.33.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.