B2Gold Corp. (TSE:BTO) Receives C$5.66 Consensus Target Price from Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$5.79.

A number of equities analysts recently commented on the company. Stifel Nicolaus upped their target price on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Cormark increased their price objective on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. BMO Capital Markets decreased their price objective on B2Gold from C$8.50 to C$7.00 in a report on Tuesday. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. Finally, Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th.

Insider Buying and Selling at B2Gold

In other news, Senior Officer Randall Chatwin purchased 10,153 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$3.51 per share, with a total value of C$35,637.03. Company insiders own 0.66% of the company’s stock.

B2Gold Price Performance

Shares of B2Gold stock opened at C$3.43 on Friday. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. The company 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 business has a 50 day moving average of C$3.77 and a 200 day moving average of C$3.97. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio 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.