B2Gold (TSE:BTO) Trading Down 4.7%

Shares of B2Gold Corp. (TSE:BTOGet Rating) (NYSE:BTG) fell 4.7% on Tuesday . The stock traded as low as C$4.27 and last traded at C$4.27. 386,844 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 3,179,670 shares. The stock had previously closed at C$4.48.

Analyst Upgrades and Downgrades

BTO has been the subject of a number of research reports. TD Securities raised shares of B2Gold from a “buy” rating to an “action list buy” rating and set a C$9.00 price objective for the company in a research note on Monday, September 12th. National Bankshares dropped their price objective on B2Gold from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$7.50.

B2Gold Trading Down 0.9 %

The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.97 and a current ratio of 4.64. The company’s fifty day moving average is C$4.32 and its two-hundred day moving average is C$4.96. The company has a market cap of C$4.53 billion and a price-to-earnings ratio of 8.88.

B2Gold (TSE:BTOGet Rating) (NYSE:BTG) last posted its earnings results on Wednesday, August 3rd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The company had revenue of C$487.55 million for the quarter. On average, research analysts anticipate that B2Gold Corp. will post 0.47 EPS for the current year.

B2Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 21st will be issued a $0.053 dividend. This is a boost from B2Gold’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, September 20th. This represents a $0.21 dividend on an annualized basis and a yield of 4.98%. B2Gold’s payout ratio is presently 43.75%.

Insider Transactions at B2Gold

In related news, Senior Officer Randall Chatwin sold 13,891 shares of B2Gold stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of C$4.48, for a total value of C$62,231.68. Following the completion of the transaction, the insider now owns 31,165 shares in the company, valued at approximately C$139,619.20. In other news, Director Clive Thomas Johnson sold 8,330 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of C$4.24, for a total transaction of C$35,319.20. Following the transaction, the director now owns 3,415,465 shares in the company, valued at approximately C$14,481,571.60. Also, Senior Officer Randall Chatwin sold 13,891 shares of B2Gold stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of C$4.48, for a total transaction of C$62,231.68. Following the completion of the sale, the insider now directly owns 31,165 shares in the company, valued at approximately C$139,619.20. Insiders have sold a total of 105,321 shares of company stock valued at $455,712 in the last ninety days.

About B2Gold

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B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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