B2Gold (TSE:BTO) Insider Sells C$562,500.00 in Stock

Key Points

• Insider Andrew Bruce Brown sold 75,000 shares of B2Gold stock for C$562,500, reducing his ownership by 81.23% and leaving him with 17,333 shares valued at approximately C$129,997.50.
• B2Gold's stock declined 6.5% to C$7.78, with a notable trading volume of over 9 million shares, indicating heightened market activity.
• The company announced a quarterly dividend of $0.02 per share, equating to an annualized yield of 1.0%, despite a negative dividend payout ratio of -34.29%.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG insider Andrew Bruce Brown sold 75,000 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of C$7.50, for a total value of C$562,500.00. Following the completion of the sale, the insider directly owned 17,333 shares of the company's stock, valued at approximately C$129,997.50. This trade represents a 81.23% decrease in their ownership of the stock.

Andrew Bruce Brown also recently made the following trade(s):

• On Monday, October 6th, Andrew Bruce Brown sold 72,000 shares of B2Gold stock. The stock was sold at an average price of C$7.39, for a total value of C$532,080.00.

B2Gold Stock Down 6.5%

B2Gold stock traded down C$0.54 during midday trading on Friday, reaching C$7.78. The stock had a trading volume of 9,025,151 shares, compared to its average volume of 3,954,814. The stock has a market capitalization of C$10.29 billion, a P/E ratio of -22.23, a price-to-earnings-growth ratio of -0.27 and a beta of 0.82. The firm's fifty day simple moving average is C$6.27 and its 200-day simple moving average is C$5.19. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. B2Gold Corp. has a 1-year low of C$3.16 and a 1-year high of C$8.35.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were paid a $0.02 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.0%. B2Gold's dividend payout ratio is currently -34.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Raymond James Financial raised B2Gold to a "moderate buy" rating in a report on Monday, June 30th. Bank of America raised their price objective on shares of B2Gold from C$5.35 to C$6.25 in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, B2Gold presently has an average rating of "Hold" and an average target price of C$6.63.

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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