Gregory Barnes Acquires 50,000 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Gregory Barnes acquired 50,000 shares of B2Gold stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of C$4.07 per share, for a total transaction of C$203,500.00.

B2Gold Stock Performance

Shares of B2Gold stock opened at C$3.85 on Friday. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The stock’s fifty day moving average price is C$3.62 and its 200-day moving average price is C$3.91. The firm has a market cap of C$3.56 billion, a P/E ratio of -4.43, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold Corp. has a 12 month low of C$3.16 and a 12 month high of C$4.84.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. BMO Capital Markets cut their price objective on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and lifted their target price for the stock from C$4.50 to C$6.25 in a research report on Friday, February 21st. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently 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.