Jerry Korpan Sells 120,000 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG Director Jerry Korpan sold 120,000 shares of B2Gold stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of C$4.63, for a total transaction of C$555,600.00.

B2Gold Stock Down 1.3 %

Shares of B2Gold stock traded down C$0.06 during trading hours on Friday, reaching C$4.59. The company's stock had a trading volume of 2,780,721 shares, compared to its average volume of 3,951,785. The company has a market capitalization of C$4.24 billion, a P/E ratio of -5.28, a P/E/G ratio of -0.27 and a beta of 1.23. The stock's fifty day simple moving average is C$4.13 and its two-hundred day simple moving average is C$3.99. B2Gold Corp. has a one year low of C$3.16 and a one year high of C$4.88. 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 was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 1.74%. B2Gold's dividend payout ratio is currently -25.32%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 31st. TD Securities lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. BMO Capital Markets reduced their price objective on shares of B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Finally, Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating 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, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$5.94.

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.