Robert Melvin Douglas Cross Sells 85,000 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Robert Melvin Douglas Cross sold 85,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$4.85, for a total transaction of C$412,250.00.

TSE:BTO traded down C$0.20 during trading hours on Friday, reaching C$4.73. 3,540,663 shares of the company were exchanged, compared to its average volume of 3,318,518. The company has a current ratio of 2.17, a quick ratio of 0.62 and a debt-to-equity ratio of 25.39. The stock’s 50-day moving average is C$4.32 and its 200-day moving average is C$3.93. The firm has a market cap of $4.79 billion and a PE ratio of 430.00. B2Gold Corp. has a twelve month low of C$2.78 and a twelve month high of C$5.36.

BTO has been the subject of a number of research analyst reports. Raymond James restated an “outperform” rating and set a C$4.50 price objective on shares of B2Gold in a research report on Wednesday, July 3rd. Pi Financial upped their price objective on shares of B2Gold from C$5.10 to C$5.50 in a research report on Wednesday, July 24th. Eight Capital upped their price objective on shares of B2Gold from C$5.15 to C$6.50 in a research report on Thursday, August 8th. BMO Capital Markets upped their price objective on shares of B2Gold from C$5.50 to C$6.00 in a research report on Thursday, August 8th. Finally, Royal Bank of Canada upped their price objective on shares of B2Gold from C$4.25 to C$4.75 in a research report on Wednesday, June 26th. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$5.80.

About B2Gold

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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