B2Gold (TSE:BTO) Price Target Raised to C$5.25

B2Gold (TSE:BTO) (NYSE:BTG) had its price target lifted by Cormark from C$4.25 to C$5.25 in a research note published on Monday, BayStreet.CA reports.

A number of other equities analysts have also commented on BTO. Canaccord Genuity Group decreased their price target on shares of B2Gold from C$7.50 to C$7.00 and set a buy rating on the stock in a report on Tuesday, August 13th. BMO Capital Markets reduced their target price on B2Gold from C$6.50 to C$6.00 and set an outperform rating on the stock in a research note on Monday, September 16th. Scotiabank downgraded B2Gold from an outperform rating to a sector perform rating in a research report on Friday, August 9th. CIBC set a C$3.30 price objective on B2Gold and gave the stock an outperform rating in a report on Wednesday, August 14th. Finally, Cibc World Mkts upgraded B2Gold from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$5.92.

B2Gold Price Performance

B2Gold stock opened at C$4.45 on Monday. The stock has a market cap of C$5.83 billion, a price-to-earnings ratio of -27.81, a PEG ratio of -0.27 and a beta of 1.21. 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 business has a 50-day simple moving average of C$3.97 and a 200 day simple moving average of C$3.78. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.74.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$673.95 million for the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. On average, research analysts forecast that B2Gold will post 0.5559748 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 4.94%. B2Gold’s payout ratio is -137.50%.

Insider Buying and Selling at B2Gold

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. In related news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total transaction of C$250,982.04. Also, Senior Officer Randall Chatwin sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. Over the last 90 days, insiders sold 66,293 shares of company stock worth $296,352. 0.70% of the stock is currently owned by insiders.

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.