B2Gold Corp. (TSE:BTO) Director Sells C$333,009.60 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Clive Thomas Johnson sold 86,496 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$333,009.60.

B2Gold Trading Up 1.7 %

Shares of BTO stock opened at C$4.26 on Friday. The company has a market cap of C$3.94 billion, a P/E ratio of -4.90, a PEG ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84. The stock has a 50 day simple moving average of C$3.71 and a two-hundred day simple moving average of C$3.93. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 1.88%. B2Gold’s dividend payout ratio is -25.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTO. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and raised their price objective for the stock from C$4.50 to C$6.25 in a research report on Friday, February 21st. BMO Capital Markets decreased their target price on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Finally, TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. One investment 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 currently has an average rating of “Hold” and an average target price of C$6.01.

B2Gold Company Profile

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.