B2Gold (TSE:BTO) Insider Peter Dominic Montano Sells 44,102 Shares

Key Points

• B2Gold Corp. insider Peter Dominic Montano sold 44,102 shares at an average price of C$5.35, significantly decreasing his position by 103.29% to -1,405 shares.
• The company announced a quarterly dividend of $0.02 per share, yielding 1.4%, with the ex-dividend date set for September 10th.
• B2Gold received a "moderate buy" rating from Raymond James, with a consensus rating of "Hold" and a target price of C$6.75 from analysts.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG insider Peter Dominic Montano sold 44,102 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of C$5.35, for a total transaction of C$235,945.70. Following the completion of the sale, the insider directly owned -1,405 shares in the company, valued at approximately C($7,516.75). This represents a 103.29% decrease in their ownership of the stock.

B2Gold Trading Up 0.8%

Shares of TSE:BTO traded up C$0.05 during trading on Friday, reaching C$6.22. The stock had a trading volume of 6,947,244 shares, compared to its average volume of 3,579,530. The firm's fifty day moving average is C$5.20 and its 200 day moving average is 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. B2Gold Corp. has a 52 week low of C$3.16 and a 52 week high of C$6.30. The stock has a market cap of C$8.23 billion, a price-to-earnings 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 announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 23rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 10th. B2Gold's payout ratio is presently -34.29%.

Analysts Set New Price Targets

Separately, Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, B2Gold 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.