B2Gold (TSE:BTO) Insider John Alex Rajala Sells 142,857 Shares

Key Points

• John Alex Rajala, an insider at B2Gold, sold 142,857 shares at an average price of C$7.50, reducing his ownership by 37.48% and leaving him with 238,342 shares valued at approximately C$1.79 million.
• B2Gold recently declared a quarterly dividend of $0.02 per share, representing an annualized dividend yield of 1.1% and a payout ratio of -34.29%.
• The stock has a current market cap of C$9.38 billion, with a consensus rating of "Hold" and an average target price of C$6.75 from analysts.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG insider John Alex Rajala sold 142,857 shares of the firm's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$7.50, for a total value of C$1,071,427.50. Following the sale, the insider owned 238,342 shares in the company, valued at approximately C$1,787,565. The trade was a 37.48% decrease in their ownership of the stock.

B2Gold Stock Performance

Shares of BTO traded down C$0.03 during mid-day trading on Friday, hitting C$7.09. The stock had a trading volume of 3,946,602 shares, compared to its average volume of 3,819,144. The company has a market cap of C$9.38 billion, a PE ratio of -20.26, a PEG ratio of -0.27 and a beta of 0.82. The company's fifty day simple moving average is C$5.96 and its two-hundred day simple moving average is C$5.05. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. B2Gold Corp. has a fifty-two week low of C$3.16 and a fifty-two week high of C$7.52.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold's payout ratio is presently -34.29%.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial raised B2Gold to a "moderate buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$6.75.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.

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