B2Gold Corp. (TSE:BTO) Senior Officer Sells C$108,383.18 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Eduard Bartz sold 27,862 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the completion of the sale, the insider now directly owns 16 shares in the company, valued at C$62.24. This trade represents a 99.94 % decrease in their ownership of the stock.

B2Gold Price Performance

Shares of BTO opened at C$3.95 on Thursday. The company has a market cap of C$3.65 billion, a price-to-earnings ratio of -4.55, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a twelve month low of C$3.16 and a twelve month high of C$4.84. 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 has a 50 day moving average of C$3.69 and a two-hundred day moving average of C$3.93.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.03%. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BTO. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and upped their target price for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. BMO Capital Markets dropped their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Finally, Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$6.01.

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.