B2Gold (TSE:BTO) Upgraded by Cormark to Buy Rating

Cormark upgraded shares of B2Gold (TSE:BTO) (NYSE:BTG) from a market perform rating to a buy rating in a research note published on Friday morning,BayStreet.CA reports. Cormark currently has C$6.25 target price on the stock, up from their prior target price of C$4.50.

BTO has been the subject of several other reports. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. BMO Capital Markets dropped their target price on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Finally, TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$5.91.

B2Gold Stock Up 1.0 %

Shares of TSE:BTO opened at C$4.00 on Friday. The business has a 50-day moving average price of C$3.59 and a 200 day moving average price of C$3.92. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market capitalization of C$3.70 billion, a price-to-earnings ratio of -4.60, a PEG ratio of -0.27 and a beta of 1.23. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.84.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio is presently -25.32%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of C$3.51 per share, for a total transaction of C$35,637.03. 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.