Eduard Bartz Sells 27,862 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Eduard Bartz sold 27,862 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total value of C$108,383.18. Following the transaction, the insider now directly owns 16 shares of the company’s stock, valued at approximately C$62.24. This trade represents a 99.94 % decrease in their ownership of the stock.

B2Gold Price Performance

BTO stock opened at C$3.90 on Wednesday. The firm has a 50 day moving average of C$3.68 and a 200-day moving average of C$3.93. 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 firm has a market capitalization of C$3.60 billion, a P/E ratio of -4.49, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a 12 month low of C$3.16 and a 12 month high of C$4.84.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, March 7th. B2Gold’s payout ratio is -25.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BTO. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. BMO Capital Markets dropped their price objective on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Cormark upgraded 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 lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.