B2Gold (TSE:BTO) Trading Down 1.7% on Insider Selling

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price fell 1.7% on Tuesday following insider selling activity. The company traded as low as C$4.60 and last traded at C$4.63. 735,404 shares were traded during trading, a decline of 81% from the average session volume of 3,884,959 shares. The stock had previously closed at C$4.71.

Specifically, Director Jerry Korpan sold 120,000 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of C$4.63, for a total value of C$555,600.00. Also, Director Clive Thomas Johnson sold 99,465 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total value of C$376,972.35. In other news, Senior Officer Eduard Bartz sold 13,161 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the completion of the sale, the insider now owns 16 shares in the company, valued at approximately C$60.64. The trade was a 99.88 % decrease in their position.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BTO. TD Securities lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark cut B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, March 31st. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, BMO Capital Markets decreased their price objective on B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$5.94.

B2Gold Stock Performance

The company has a market cap of C$4.24 billion, a PE ratio of -5.28, a P/E/G ratio of -0.27 and a beta of 1.23. The stock's 50-day simple moving average is C$4.13 and its 200 day simple moving average is C$3.99. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 1.74%. B2Gold's dividend payout ratio is currently -25.32%.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.