B2Gold (TSE:BTO) Price Target Lowered to C$10.00 at National Bank Financial

B2Gold (TSE:BTO) (NYSE:BTG) had its target price reduced by National Bank Financial from C$10.25 to C$10.00 in a report issued on Friday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

B2Gold Trading Up 1.2%

BTO stock opened at C$6.86 on Friday. The company has a market capitalization of C$9.17 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of -0.27 and a beta of 1.60. B2Gold has a one year low of C$4.00 and a one year high of C$8.60. The company’s 50 day moving average price is C$6.92 and its two-hundred day moving average price is C$6.68. The company has a debt-to-equity ratio of 17.54, a quick ratio of 3.33 and a current ratio of 1.06.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$1.41 billion for the quarter. B2Gold had a net margin of 13.18% and a return on equity of 12.15%. As a group, analysts predict that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.08 annualized dividend and a dividend yield of 1.2%. B2Gold’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at B2Gold

In other B2Gold news, insider William Lytle sold 272,373 shares of B2Gold stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the transaction, the insider directly owned 38,975 shares of the company’s stock, valued at approximately C$324,272. This trade represents a 87.48% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the transaction, the insider directly owned 6,199 shares in the company, valued at C$44,942.75. This trade represents a 76.34% decrease in their ownership of the stock. Insiders have sold 583,159 shares of company stock worth $4,821,759 over the last three months. Insiders own 0.66% of the company’s stock.

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.