Insider Selling: B2Gold (TSE:BTO) Insider Sells C$24,278.52 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider John Alex Rajala sold 4,129 shares of B2Gold 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$24,278.52. Following the transaction, the insider directly owned 317,276 shares of the company’s stock, valued at approximately C$1,865,582.88. This represents a 1.28% decrease in their ownership of the stock.

John Alex Rajala also recently made the following trade(s):

• On Thursday, July 2nd, John Alex Rajala sold 152 shares of B2Gold stock. The shares were sold at an average price of C$5.73, for a total transaction of C$870.96.

B2Gold Stock Performance

B2Gold stock opened at C$5.37 on Thursday. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33. The firm has a market capitalization of C$7.16 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. B2Gold Corp. has a 1-year low of C$4.56 and a 1-year high of C$8.60. The company’s 50-day moving average is C$6.17 and its 200 day moving average is C$6.57.

B2Gold (TSE:BTO) (NYSE:BTG) last announced 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 business had revenue of C$1.61 billion during the quarter. Research analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

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

Analysts Set New Price Targets

Separately, National Bank Financial increased 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 stock. Based on data from MarketBeat.com, the stock presently has an average 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.