Analysts Set B2Gold Corp. (TSE:BTO) Price Target at C$6.01

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$6.01.

BTO has been the subject of several recent research reports. BMO Capital Markets decreased their price target on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and increased their target price for the company from C$4.50 to C$6.25 in a research report on Friday, February 21st. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

B2Gold Stock Performance

TSE BTO opened at C$4.15 on Wednesday. The company has a market capitalization of C$3.84 billion, a price-to-earnings ratio of -4.78, a PEG ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$4.84. The stock 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -25.32%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer William Lytle sold 54,062 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70. Also, Director Gregory Barnes bought 50,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of C$4.07 per share, for a total transaction of C$203,500.00. Over the last ninety days, insiders sold 168,420 shares of company stock valued at $649,531. Corporate 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.