Analysts Set B2Gold Corp. (TSE:BTO) Target Price at C$5.66

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$5.66.

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Cormark upped their price objective on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. BMO Capital Markets reduced their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

Insider Buying and Selling

In other B2Gold news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction dated 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 purchased 70,000 shares of B2Gold stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of C$4.29 per share, with a total value of C$300,300.00. In the last ninety days, insiders have purchased 70,138 shares of company stock valued at $300,723 and have sold 87,755 shares valued at $378,029. 0.66% of the stock is owned by insiders.

B2Gold Stock Down 2.4 %

Shares of B2Gold stock opened at C$3.59 on Monday. The stock’s 50-day moving average is C$4.17 and its 200 day moving average is C$3.99. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The firm has a market cap of C$4.70 billion, a price-to-earnings ratio of -21.12, a PEG 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were issued a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 6.02%. B2Gold’s dividend payout ratio (DPR) is currently -129.41%.

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.