B2Gold Corp. (TSE:BTO) Given Consensus Rating of “Moderate Buy” by Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$5.92.

Several analysts recently weighed in on BTO shares. Scotiabank lowered B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. CIBC set a C$3.30 price target on shares of B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Stifel Nicolaus increased their target price on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Finally, Cormark increased their price target on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd.

Insider Activity

In other news, Director Clive Thomas Johnson acquired 70,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was acquired at an average price of C$4.29 per share, for a total transaction of C$300,300.00. In other news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Director Clive Thomas Johnson acquired 70,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was purchased at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Insiders sold a total of 87,449 shares of company stock valued at $384,111 in the last quarter. 0.66% of the stock is currently owned by company insiders.

B2Gold Stock Performance

BTO opened at C$4.65 on Friday. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.84. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93. The company has a fifty day moving average of C$4.13 and a 200 day moving average of C$3.90. The stock has a market capitalization of C$6.09 billion, a price-to-earnings ratio of -27.35, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$673.95 million during the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. As a group, sell-side analysts forecast that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were given a dividend of $0.055 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 4.73%. B2Gold’s dividend payout ratio is presently -129.41%.

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.