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

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

B2Gold Price Performance

B2Gold stock opened at C$5.37 on Thursday. The business’s 50 day simple moving average is C$6.17 and its 200 day simple moving average is C$6.57. B2Gold Corp. has a 12 month low of C$4.56 and a 12 month high of C$8.60. The company has a market cap of C$7.16 billion, a price-to-earnings ratio of 14.13, a PEG ratio of -0.27 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 3.33 and a debt-to-equity ratio of 14.16.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data 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 for the quarter. Sell-side analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their price objective on shares of 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.