Key Points
- Insider sale: B2Gold insider Randall Chatwin sold 67,857 shares on May 22 at an average price of C$6.33, totaling about C$429,535. His holdings fell by 34.29% after the transaction.
- Recent performance and fundamentals: The stock opened at C$6.52, with a market cap of C$8.69 billion and a 52-week range of C$4.48 to C$8.60. B2Gold also reported quarterly EPS of C$0.26 on revenue of C$1.61 billion.
- Analyst outlook and dividend: National Bank Financial raised its price target to C$10.70 and maintained an outperform rating, while the consensus rating remains Moderate Buy with an average target of C$9.15. The company also pays a quarterly dividend of C$0.02, or C$0.08 annualized, for a 1.2% yield.
B2Gold Corp. (TSE:BTO - Get Free Report) (NYSE:BTG) insider Randall Chatwin sold 67,857 shares of the company's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$6.33, for a total transaction of C$429,534.81. Following the transaction, the insider owned 130,043 shares of the company's stock, valued at approximately C$823,172.19. This represents a 34.29% decrease in their position.
B2Gold Stock Performance
BTO opened at C$6.52 on Tuesday. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The stock has a market capitalization of C$8.69 billion, a price-to-earnings ratio of 17.16, a PEG ratio of -0.27 and a beta of 1.59. The company has a fifty day moving average of C$6.47 and a 200 day moving average of C$6.59. B2Gold Corp. has a fifty-two week low of C$4.48 and a fifty-two week high of C$8.60.
B2Gold (TSE:BTO - Get Free Report) (NYSE:BTG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. The business had revenue of C$1.61 billion for the quarter. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.
B2Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, March 6th. B2Gold's payout ratio is currently 21.05%.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial raised their price target on B2Gold from C$10.00 to C$10.70 and gave the company an "outperform" rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$9.15.
Check Out Our Latest Stock Report on B2Gold
B2Gold Company Profile
(
Get Free Report)
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. There is no dependence on a particular purchaser because the gold is sold into a global market.
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