B2Gold (TSE:BTO) Insider Peter Dominic Montano Sells 147,000 Shares

Key Points

• Insider Peter Dominic Montano sold 147,000 shares of B2Gold for a total value of C$1,101,030, leading to a 100.97% decrease in his holdings to -1,405 shares.
• B2Gold recently announced a quarterly dividend of $0.02 per share, providing investors with an annual yield of 1.1%.
• Raymond James Financial upgraded B2Gold to a "moderate buy" rating, while the consensus rating remains a "Hold" with a price target of C$6.75.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG insider Peter Dominic Montano sold 147,000 shares of the business's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$7.49, for a total value of C$1,101,030.00. Following the completion of the transaction, the insider owned -1,405 shares in the company, valued at C($10,523.45). This trade represents a 100.97% decrease in their position.

Peter Dominic Montano also recently made the following trade(s):

• On Thursday, August 14th, Peter Dominic Montano sold 44,102 shares of B2Gold stock. The stock was sold at an average price of C$5.35, for a total value of C$235,945.70.

B2Gold Price Performance

BTO stock traded down C$0.03 on Friday, reaching C$7.09. The company had a trading volume of 3,946,602 shares, compared to its average volume of 3,819,144. B2Gold Corp. has a 1 year low of C$3.16 and a 1 year high of C$7.52. 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 company's fifty day moving average is C$5.96 and its 200 day moving average is C$5.05. The company has a market cap of C$9.38 billion, a P/E ratio of -20.26, a PEG ratio of -0.27 and a beta of 0.82.

B2Gold Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Raymond James Financial raised shares of B2Gold to a "moderate buy" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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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