Clive Thomas Johnson Sells 86,496 Shares of B2Gold Corp. (TSE:BTO) Stock

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

B2Gold Stock Performance

B2Gold stock traded up C$0.07 during midday trading on Friday, hitting C$4.26. 6,226,279 shares of the company were exchanged, compared to its average volume of 3,583,652. B2Gold Corp. has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84. The firm has a market capitalization of C$3.94 billion, a PE ratio of -4.90, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The business has a fifty day simple moving average of C$3.70 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 announced 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. This represents a $0.08 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Wall Street Analyst Weigh In

BTO has been the subject of a number of research reports. Cormark raised B2Gold from a “market perform” rating to a “buy” rating and lifted their price target for the stock from C$4.50 to C$6.25 in a research report on Friday, February 21st. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. BMO Capital Markets cut their price target on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. 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 assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and an average price target 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.