Insider Selling: B2Gold Corp. (TSE:BTO) Senior Officer Sells C$125,725.50 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Randall Chatwin sold 30,150 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of C$4.17, for a total transaction of C$125,725.50.

B2Gold Price Performance

BTO stock opened at C$3.78 on Friday. B2Gold Corp. has a 12-month low of C$3.16 and a 12-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’s fifty day simple moving average is C$3.95 and its 200 day simple moving average is C$4.00. The firm has a market cap of C$3.49 billion, a price-to-earnings ratio of -4.35, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.12%. B2Gold’s dividend payout ratio is -25.32%.

Wall Street Analyst Weigh In

BTO has been the subject of several analyst reports. BMO Capital Markets lowered their price target on B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. Finally, TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and an average target price of C$5.94.

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.