B2Gold (TSE:BTO) Insider Randall Chatwin Sells 7,000 Shares

Key Points

• Randall Chatwin, an insider at B2Gold Corp., sold 7,000 shares at an average price of C$5.33, resulting in a decrease of 14.83% in his ownership stake.
• B2Gold has announced a quarterly dividend of $0.02 per share, with the ex-dividend date set for September 10th, representing an annual yield of 1.4%.
• Analysts maintain an average rating of "Hold" for B2Gold with a price target of C$6.75, following an upgrade to a "moderate buy" by Raymond James Financial.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG insider Randall Chatwin sold 7,000 shares of B2Gold stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of C$5.33, for a total value of C$37,310.00. Following the completion of the sale, the insider owned 40,199 shares in the company, valued at approximately C$214,260.67. This trade represents a 14.83% decrease in their ownership of the stock.

B2Gold Price Performance

Shares of B2Gold stock traded down C$0.10 during trading on Tuesday, reaching C$5.84. The company's stock had a trading volume of 3,643,065 shares, compared to its average volume of 3,539,551. The business has a 50 day moving average price of C$5.11 and a 200-day moving average price of C$4.67. The company has a market capitalization of C$7.73 billion, a P/E ratio of -16.69, a price-to-earnings-growth ratio of -0.27 and a beta of 0.48. B2Gold Corp. has a 12-month low of C$3.16 and a 12-month high of C$5.99. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.4%. B2Gold's payout ratio is currently -34.29%.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial raised B2Gold to a "moderate buy" rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$6.75.

B2Gold Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.