B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer John Alex Rajala sold 75,000 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$7.34, for a total value of C$550,500.00. Following the completion of the sale, the insider now directly owns 172,169 shares in the company, valued at C$1,263,720.46.
Shares of B2Gold stock traded up C$0.24 during trading on Monday, hitting C$7.38. 4,516,696 shares of the company's stock traded hands, compared to its average volume of 6,740,688. B2Gold Corp. has a twelve month low of C$3.12 and a twelve month high of C$8.02. The company has a debt-to-equity ratio of 10.50, a current ratio of 2.35 and a quick ratio of 1.06. The company has a market cap of $7.43 billion and a PE ratio of 22.03. The firm's fifty day moving average price is C$7.25 and its 200 day moving average price is C$5.97.
B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Tuesday, May 5th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of C$0.15 by C($0.02). The firm had revenue of C$510.53 million during the quarter. As a group, equities research analysts anticipate that B2Gold Corp. will post 0.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.02 per share. This is a positive change from B2Gold's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Monday, June 22nd. B2Gold's dividend payout ratio is currently 5.97%.
Several research firms recently weighed in on BTO. TD Securities boosted their price objective on B2Gold from C$10.50 to C$11.00 and gave the stock an "action list buy" rating in a research report on Thursday, May 7th. BMO Capital Markets upped their price target on B2Gold from C$7.25 to C$7.50 in a report on Wednesday, April 1st. Canaccord Genuity increased their price objective on B2Gold from C$10.00 to C$10.50 in a research report on Wednesday, May 20th. Bank of America boosted their target price on shares of B2Gold from C$6.30 to C$6.65 in a research report on Wednesday, March 4th. Finally, Pi Financial reissued a "buy" rating and issued a C$8.60 price target on shares of B2Gold in a report on Wednesday, May 6th.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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Restaurant Stocks That Still Look Tasty As the Economy Reopens
As part of our national response to the Covid-19 pandemic, many Americans considered it their patriotic, if not moral, duty to support the restaurant industry. And while many consumers were intensely focused on their small, local restaurants, the national chains were still open for business during this time.
And the reality is that the national chains are going to be the most adaptable to whatever pace of economic recovery we see. Hopes for a “V” shaped recovery have pretty much gone out the window. The new model suggests a stair-step recovery may be the best-case scenario.
The worst case scenario for the restaurant industry will be one where different regions of the country are subject to rolling lockdowns. In a business with notoriously low margins, an open/close, open/close recovery would be disastrous.
It’s one reason why I’m not sure I would be diving into restaurant stocks right now. But the same was being said of airline stocks and cruise line stocks. And sure enough, discount investors have been trying to invest in these stocks.
But as all 50 states have now re-opened in some fashion, it’s not unlikely that restaurant stocks are drawing attention from investors. We’ve put together this presentation that highlights seven restaurant stocks that you should consider looking at if you want to dive into this sector.
View the "Restaurant Stocks That Still Look Tasty As the Economy Reopens".