BMO Capital Markets Cuts B2Gold (TSE:BTO) Price Target to C$7.00

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective reduced by BMO Capital Markets from C$8.50 to C$7.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Cormark lifted their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Stifel Nicolaus increased their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.79.

B2Gold Trading Down 2.3 %

Shares of BTO opened at C$3.43 on Tuesday. The stock has a market cap of C$4.49 billion, a PE ratio of -20.18, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84. The stock’s 50-day moving average is C$3.77 and its two-hundred day moving average is C$3.97.

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 paid a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a yield of 6.30%. B2Gold’s payout ratio is -129.41%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, with a total value of C$35,637.03. Insiders own 0.66% of the company’s stock.

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.