B2Gold Corp. (TSE:BTO - Get Free Report) (NYSE:BTG) Senior Officer Eduard Bartz sold 27,862 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the sale, the insider now directly owns 16 shares in the company, valued at C$62.24. The trade was a 99.94 % decrease in their position.
B2Gold Trading Down 2.8 %
Shares of TSE BTO opened at C$3.76 on Tuesday. The firm's 50 day moving average price is C$3.67 and its 200-day moving average price is C$3.92. The company has a market cap of C$3.48 billion, a PE ratio of -4.33, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a 52-week low of C$3.16 and a 52-week high of C$4.84. 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 business also recently disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.13%. B2Gold's dividend payout ratio (DPR) is -25.32%.
Wall Street Analysts Forecast Growth
BTO has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark raised shares of B2Gold from a "market perform" rating to a "buy" rating and boosted their price objective for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. Finally, Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$6.01.
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About B2Gold
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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.
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