B2Gold Corp. (TSE:BTO) Receives C$6.01 Consensus Target Price from Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$6.01.

Several research analysts have recently weighed in on BTO shares. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and upped their target price for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets cut their price target on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th.

B2Gold Price Performance

BTO opened at C$4.15 on Wednesday. The stock has a market cap of C$3.84 billion, a P/E ratio of -4.78, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$4.84. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The company has a fifty day simple moving average of C$3.89 and a 200 day simple moving average of C$3.99.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, March 7th. B2Gold’s dividend payout ratio is -25.32%.

Insider Activity

In other news, Senior Officer Eduard Bartz sold 27,862 shares of B2Gold stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the completion of the sale, the insider now owns 16 shares of the company’s stock, valued at approximately C$62.24. This trade represents a 99.94 % decrease in their ownership of the stock. Also, Director Gregory Barnes purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Insiders have sold 168,420 shares of company stock valued at $649,531 over the last ninety days. 0.66% of the stock is currently owned by company insiders.

About B2Gold

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.