B2Gold Corp. (TSE:BTO) Director Sells C$333,009.60 in Stock

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

B2Gold Trading Up 1.7 %

TSE BTO opened at C$4.26 on Friday. The firm’s 50-day moving average is C$3.71 and its two-hundred day moving average is C$3.93. B2Gold Corp. has a 12 month low of C$3.16 and a 12 month high of C$4.84. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The stock has a market capitalization of C$3.94 billion, a P/E ratio of -4.90, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be issued 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 yield of 1.88%. B2Gold’s payout ratio is currently -25.32%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and lifted their price objective for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.