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 the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 317,276 shares in the company, valued at approximately C$1,865,582.88. This trade 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 value of C$870.96.

B2Gold Price Performance

TSE:BTO traded down C$0.21 during mid-day trading on Monday, reaching C$5.74. The stock had a trading volume of 2,300,238 shares, compared to its average volume of 6,545,712. 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 firm has a 50 day moving average price of C$6.23 and a two-hundred day moving average price of C$6.58. The stock has a market capitalization of C$7.65 billion, a P/E ratio of 15.11, a P/E/G ratio of -0.27 and a beta of 1.73.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. The company had revenue of C$1.61 billion for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. As a group, analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current 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 1.4%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised their price target on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, B2Gold currently has an average rating of “Moderate Buy” and an average price target of C$9.15.

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.