B2Gold (TSE:BTO) Insider Daniel Bruce Moore Sells 3,458 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Daniel Bruce Moore sold 3,458 shares of the firm’s 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$20,333.04. Following the transaction, the insider owned 134,140 shares in the company, valued at approximately C$788,743.20. This represents a 2.51% decrease in their position.

B2Gold Stock Down 1.0%

TSE:BTO traded down C$0.06 during mid-day trading on Tuesday, reaching C$5.70. The company’s stock had a trading volume of 295,384 shares, compared to its average volume of 6,504,225. B2Gold Corp. has a 1 year low of C$4.56 and a 1 year high of C$8.60. The stock has a fifty day moving average of C$6.21 and a 200-day moving average of C$6.58. The firm has a market capitalization of C$7.59 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share (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%. Equities research analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were paid 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 dividend yield of 1.4%. B2Gold’s dividend payout ratio (DPR) is currently 21.05%.

More B2Gold News

Here are the key news stories impacting B2Gold this week:

• Neutral Sentiment: Several B2Gold insiders, including directors and executives, sold shares over July 2-3 at prices between C$5.73 and C$5.88. The sales were relatively small individually, but the number of transactions may signal some profit-taking or reduced near-term insider conviction. B2Gold’s new CEO gets his Goose test
• Neutral Sentiment: The Northern Miner article on B2Gold’s new CEO and the “Goose test” points to investor focus on execution at a major project, which could be a near-term catalyst if operations and guidance improve. B2Gold’s new CEO gets his Goose test
• Negative Sentiment: The heavier wave of insider selling, including larger dispositions by Randall Chatwin, William Lytle, and others, may be weighing on sentiment because investors often view clustered insider sales as a cautious signal, even if the shares sold are modest relative to total holdings. B2Gold’s new CEO gets his Goose test

Analyst Ratings Changes

Separately, National Bank Financial upped their target price on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.