B2Gold (TSE:BTO) Insider Sells C$1,268,680.40 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 177,190 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total transaction of C$1,268,680.40. Following the transaction, the insider owned 41,285 shares of the company’s stock, valued at C$295,600.60. The trade was a 81.10% decrease in their position.

William Lytle also recently made the following trade(s):

• On Friday, July 3rd, William Lytle sold 14,089 shares of B2Gold stock. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32.

B2Gold Stock Up 0.6%

Shares of BTO stock opened at C$7.11 on Friday. The firm’s fifty day moving average price is C$5.76 and its two-hundred day moving average price is C$6.44. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48. B2Gold Corp. has a 1 year low of C$5.02 and a 1 year high of C$8.60. The firm has a market capitalization of C$9.47 billion, a P/E ratio of 12.70, a PEG ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$1.12 billion during the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. On average, equities analysts predict 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. Investors of record on Tuesday, June 23rd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio is presently 14.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BTO shares. TD upgraded B2Gold from a “hold” rating to a “buy” rating and raised their price target for the company from C$6.00 to C$8.50 in a research note on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Scotia raised B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective for the company in a report on Monday, August 10th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$9.33.

B2Gold Company Profile

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.