John Alex Rajala Sells 75,000 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer John Alex Rajala sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$7.34, for a total value of C$550,500.00. Following the completion of the transaction, the insider now directly owns 172,169 shares of the company’s stock, valued at C$1,263,720.46.

Shares of BTO opened at C$7.45 on Wednesday. The firm has a market cap of $7.43 billion and a price-to-earnings ratio of 22.24. The stock has a 50 day moving average of C$7.25 and a 200-day moving average of C$5.99. The company has a current ratio of 2.35, a quick ratio of 1.06 and a debt-to-equity ratio of 10.50. B2Gold Corp. has a 52 week low of C$3.12 and a 52 week high of C$8.02.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.15 by C($0.02). The company had revenue of C$510.53 million during the quarter. On average, sell-side analysts predict that B2Gold Corp. will post 0.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, July 7th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Monday, June 22nd. This is an increase from B2Gold’s previous quarterly dividend of $0.01. B2Gold’s payout ratio is currently 5.97%.

Several equities research analysts have recently weighed in on BTO shares. Scotiabank increased their price objective on B2Gold from C$7.75 to C$8.50 in a report on Wednesday, May 6th. National Bank Financial upped their price target on B2Gold from C$7.25 to C$10.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. BMO Capital Markets increased their price objective on B2Gold from C$7.25 to C$7.50 in a research report on Wednesday, April 1st. TD Securities upped their target price on B2Gold from C$10.50 to C$11.00 and gave the company an “action list buy” rating in a report on Thursday, May 7th. Finally, Pi Financial reissued a “buy” rating and issued a C$8.60 target price on shares of B2Gold in a report on Wednesday, May 6th.

B2Gold Company Profile

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Insider Buying and Selling by Quarter for B2Gold (TSE:BTO)

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