Key Points
- Director Jerry Korpan sold 200,000 B2Gold shares at an average C$7.06 each, generating C$1.41 million. His remaining stake fell 8.06% to 2.28 million shares.
- B2Gold reported quarterly revenue of C$1.12 billion and EPS of C$0.04, alongside a 1.1% annualized dividend yield.
- Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a consensus price target of C$9.33, above its reported trading price of C$7.11.
B2Gold Corp. (TSE:BTO - Get Free Report) (NYSE:BTG) Director Jerry Korpan sold 200,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the completion of the transaction, the director owned 2,280,000 shares in the company, valued at C$16,096,800. The trade was a 8.06% decrease in their position.
B2Gold Trading Up 0.6%
BTO opened at C$7.11 on Friday. B2Gold Corp. has a twelve month low of C$5.02 and a twelve month high of C$8.60. The company has a 50-day simple moving average of C$5.76 and a 200 day simple moving average of C$6.44. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The stock has a market capitalization of C$9.47 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of -0.27 and a beta of 1.74.
B2Gold (TSE:BTO - Get Free Report) (NYSE:BTG) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The company had revenue of C$1.12 billion during the quarter. Analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.
B2Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold's dividend payout ratio (DPR) is 14.29%.
Analyst Ratings Changes
Several equities research analysts have weighed in on BTO shares. Canadian Imperial Bank of Commerce upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$6.50 to C$11.00 in a report on Monday, August 10th. TD upgraded B2Gold from a "hold" rating to a "buy" rating and lifted their price target for the company from C$6.00 to C$8.50 in a research note on Monday, August 10th. Scotia raised B2Gold from a "sector perform" rating to a "sector outperform" rating and set a C$10.00 price target for the company in a report on Monday, August 10th. Finally, National Bank Financial dropped their price objective on B2Gold from C$10.70 to C$9.75 and set an "outperform" rating for the company in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$9.33.
Check Out Our Latest Analysis on BTO
About B2Gold
(
Get Free Report)
B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.
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