B2Gold Corp. (TSE:BTO - Get Free Report) (NYSE:BTG) Senior Officer William Lytle sold 54,062 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70.
B2Gold Trading Up 1.3 %
Shares of BTO opened at C$3.95 on Thursday. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The stock has a 50-day moving average price of C$3.69 and a 200 day moving average price of C$3.93. B2Gold Corp. has a one year low of C$3.16 and a one year high of C$4.84. The company has a market capitalization of C$3.65 billion, a P/E ratio of -4.55, a P/E/G ratio of -0.27 and a beta of 1.23.
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 $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, March 7th. B2Gold's dividend payout ratio is currently -25.32%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. TD Securities downgraded 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 lifted their price objective for the stock from C$4.50 to C$6.25 in a research report on Friday, February 21st. Finally, BMO Capital Markets reduced their price target on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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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