William Lytle Sells 817,121 Shares of B2Gold (TSE:BTO) Stock

Key Points

• William Lytle, an insider at B2Gold Corp., sold 817,121 shares for a total of C$5,989,496.93, reducing his holdings by 95.45%.
• B2Gold has been upgraded to a "moderate buy" rating by Raymond James Financial, with a consensus rating of "Hold" and an average target price of C$6.75.
• The company declared a quarterly dividend of $0.02 per share, equating to an annualized yield of 1.1%, while its payout ratio is currently -34.29%.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG insider William Lytle sold 817,121 shares of B2Gold stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$7.33, for a total value of C$5,989,496.93. Following the completion of the transaction, the insider owned 38,975 shares of the company's stock, valued at approximately C$285,686.75. The trade was a 95.45% decrease in their position.

B2Gold Stock Performance

Shares of BTO traded down C$0.03 during mid-day trading on Friday, hitting C$7.09. The stock had a trading volume of 3,946,602 shares, compared to its average volume of 3,819,144. B2Gold Corp. has a fifty-two week low of C$3.16 and a fifty-two week high of C$7.52. The company has a market cap of C$9.38 billion, a PE ratio of -20.26, a PEG ratio of -0.27 and a beta of 0.82. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The company's fifty day simple moving average is C$5.96 and its two-hundred day simple moving average is C$5.05.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 23rd were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. B2Gold's payout ratio is currently -34.29%.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded B2Gold to a "moderate buy" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, B2Gold has a consensus rating of "Hold" and an average target price 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.

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