B2Gold (TSE:BTO) Shares Down 2.3% on Insider Selling

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price was down 2.3% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as C$4.57 and last traded at C$4.60. Approximately 1,308,827 shares were traded during trading, a decline of 66% from the average daily volume of 3,897,878 shares. The stock had previously closed at C$4.71.

Specifically, Director Jerry Korpan sold 120,000 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was 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 company's stock in a transaction on 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 B2Gold news, Senior Officer Eduard Bartz sold 13,161 shares of B2Gold stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the completion of the transaction, the insider now directly owns 16 shares of the company's stock, valued at approximately C$60.64. This trade represents a 99.88 % decrease in their ownership of the stock.

Analyst Ratings Changes

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

B2Gold Stock Performance

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 cap of C$4.24 billion, a price-to-earnings ratio of -5.28, a PEG ratio of -0.27 and a beta of 1.23. The firm's 50-day moving average price is C$4.13 and its 200 day moving average price is C$3.99.

B2Gold Cuts Dividend

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

B2Gold Company Profile

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.