Michael Stephen Mcdonald Sells 56,274 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total value of C$250,982.04.

B2Gold Stock Performance

B2Gold stock opened at C$4.33 on Friday. B2Gold Corp. has a 1 year low of C$3.18 and a 1 year high of C$4.74. The business has a 50 day moving average of C$3.97 and a 200-day moving average of C$3.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The company has a market capitalization of C$5.67 billion, a P/E ratio of -27.06, a P/E/G ratio of -0.27 and a beta of 1.21.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The firm had revenue of C$673.95 million during the quarter. On average, equities research analysts predict that B2Gold Corp. will post 0.5559748 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s dividend payout ratio is currently -137.50%.

Analysts Set New Price Targets

A number of research firms recently commented on BTO. BMO Capital Markets dropped their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Canaccord Genuity Group dropped their price target on B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. CIBC set a C$3.30 target price on B2Gold and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Cormark boosted their target price on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Finally, Scotiabank downgraded B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$5.92.

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.