Gregory Barnes Acquires 50,000 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Gregory Barnes purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of C$4.07 per share, for a total transaction of C$203,500.00.

B2Gold Trading Up 0.5 %

Shares of BTO stock opened at C$3.87 on Friday. The company’s 50-day moving average price is C$3.63 and its 200-day moving average price is C$3.91. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The stock has a market cap of C$3.58 billion, a price-to-earnings ratio of -4.45, a PEG ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a twelve month low of C$3.16 and a twelve month high of C$4.84.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.07%. B2Gold’s payout ratio is -25.32%.

Wall Street Analysts Forecast Growth

BTO has been the topic of a number of research analyst reports. BMO Capital Markets dropped their price target on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and lifted their target price for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$6.01.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.