Insider Selling: B2Gold (TSE:BTO) Insider Sells 7,000 Shares of Stock

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 stock was sold at an average price of C$5.33, for a total transaction of C$37,310.00. Following the transaction, the insider directly owned 40,199 shares in the company, valued at approximately C$214,260.67. This represents a 14.83% decrease in their position.

B2Gold Stock Performance

Shares of B2Gold stock traded up C$0.05 during mid-day trading on Friday, hitting C$6.22. 6,947,244 shares of the stock were exchanged, compared to its average volume of 3,579,530. B2Gold Corp. has a 12 month low of C$3.16 and a 12 month high of C$6.30. The company has a 50-day simple moving average of C$5.20 and a 200 day simple moving average of C$4.72. 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 has a market capitalization of C$8.23 billion, a P/E ratio of -17.77, a P/E/G ratio of -0.27 and a beta of 0.48.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 23rd will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. B2Gold's dividend payout ratio (DPR) is presently -34.29%.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upgraded shares of 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 assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.