Insider Buying: B2Gold Corp. (TSE:BTO) Director Purchases 50,000 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Gregory Barnes purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of C$4.07 per share, with a total value of C$203,500.00.

B2Gold Price Performance

BTO stock opened at C$3.87 on Friday. The firm has a 50 day moving average of C$3.63 and a 200-day moving average of C$3.91. The company has a market cap of C$3.58 billion, a price-to-earnings ratio of -4.45, a PEG ratio of -0.27 and a beta of 1.23. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. B2Gold Corp. has a 12-month low of C$3.16 and a 12-month high of C$4.84.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.07%. B2Gold’s payout ratio is -25.32%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and raised their price objective for the company from C$4.50 to C$6.25 in a research report on Friday, February 21st. Finally, BMO Capital Markets lowered their price objective on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.01.

B2Gold Company Profile

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.