Clive Thomas Johnson Sells 86,496 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Clive Thomas Johnson sold 86,496 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$333,009.60.

B2Gold Price Performance

BTO traded up C$0.07 on Friday, hitting C$4.26. 6,226,279 shares of the company’s stock were exchanged, compared to its average volume of 3,583,652. The firm has a 50-day moving average price of C$3.70 and a 200-day moving average price of C$3.93. The stock has a market cap of C$3.94 billion, a price-to-earnings ratio of -4.90, a P/E/G 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 fifty-two week low of C$3.16 and a fifty-two week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 1.88%. B2Gold’s dividend payout ratio is presently -25.32%.

Wall Street Analysts Forecast Growth

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