Insider Buying: B2Gold Corp. (TSE:BTO) Director Purchases C$203,500.00 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Gregory Barnes bought 50,000 shares of B2Gold stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of C$4.07 per share, with a total value of C$203,500.00.

B2Gold Stock Up 0.5 %

Shares of TSE BTO opened at C$3.87 on Friday. The business has a 50-day moving average price of C$3.63 and a 200 day moving average price of C$3.91. The stock has a market cap of C$3.58 billion, a PE ratio of -4.45, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. B2Gold Corp. has a 52-week low of C$3.16 and a 52-week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently announced 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 of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.07%. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BTO shares. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. 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. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and lifted their price target for the company from C$4.50 to C$6.25 in a research report on Friday, February 21st. Finally, TD Securities lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.