Director of B2Gold Basie Maree Buys More Stock

Investors who take an interest in B2Gold Corp. (TSE:BTO) should definitely note that the Director, Basie Maree, recently paid CA$4.05 per share to buy CA$452k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for B2Gold

The Last 12 Months Of Insider Transactions At B2Gold

The President, Clive Johnson, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.5m worth of shares at a price of CA$0.66 each. That means that an insider was selling shares at slightly below the current price (CA$3.87). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 38% of Clive Johnson's holding. Notably Clive Johnson was also the biggest buyer, having purchased CA$1.4m worth of shares.

In the last twelve months insiders purchased 341.80k shares for CA$1.4m. On the other hand they divested 3.05m shares, for CA$4.7m. Over the last year we saw more insider selling of B2Gold shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of B2Gold

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.8% of B2Gold shares, worth about CA$40m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About B2Gold Insiders?

The recent insider purchases are heartening. However, the longer term transactions are not so encouraging. We don't take much heart from transactions by B2Gold insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for B2Gold that deserve your attention before buying any shares.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.