B2Gold (TSE:BTO) Director Jerry Korpan Sells 200,000 Shares of Stock

Key Points

• Director Jerry Korpan sold 200,000 B2Gold shares at an average C$7.06 per share, generating C$1.412 million and reducing his ownership by 8.06% to 2.28 million shares.
• B2Gold reported quarterly revenue of C$1.12 billion and EPS of C$0.04, while maintaining a quarterly dividend of C$0.02 per share, or a 1.1% annualized yield.
• Analyst sentiment improved significantly: several firms upgraded the stock to Buy or Strong Buy. The consensus rating is Buy, with an average price target of C$9.33 versus the recent C$7.12 share price.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG Director Jerry Korpan sold 200,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the completion of the sale, the director owned 2,280,000 shares of the company's stock, valued at approximately C$16,096,800. The trade was a 8.06% decrease in their ownership of the stock.

B2Gold Trading Up 0.7%

B2Gold stock traded up C$0.05 during mid-day trading on Friday, hitting C$7.12. The company's stock had a trading volume of 1,499,845 shares, compared to its average volume of 6,139,031. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33. The stock has a market cap of C$9.41 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of -0.27 and a beta of 1.74. The business has a 50 day moving average price of C$5.74 and a 200-day moving average price of C$6.43. B2Gold Corp. has a 12 month low of C$5.02 and a 12 month high of C$8.60.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%.The firm had revenue of C$1.12 billion for the quarter. As a group, analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were given a $0.02 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.1%. B2Gold's payout ratio is presently 14.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating and upped their price target for the company from C$6.50 to C$11.00 in a research report on Monday. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday. TD Securities upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday. TD upgraded shares of B2Gold from a "hold" rating to a "buy" rating and lifted their price target for the company from C$6.00 to C$8.50 in a report on Monday. Finally, Canadian Imperial Bank of Commerce raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$9.33.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

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