B2Gold (TSE:BTO) PT Lowered to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price lowered by BMO Capital Markets from C$6.50 to C$6.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on BTO. Cibc World Mkts upgraded B2Gold from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. 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 research note on Tuesday, August 13th. Scotiabank lowered shares of B2Gold from an outperform rating to a sector perform rating in a report on Friday, August 9th. CIBC set a C$3.30 price objective on shares of B2Gold and gave the company an outperform rating in a report on Wednesday, August 14th. Finally, Cormark lowered shares of B2Gold from a moderate buy rating to a hold rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, B2Gold presently has a consensus rating of Buy and a consensus target price of C$5.94.

B2Gold Stock Up 1.4 %

Shares of TSE:BTO opened at C$4.50 on Monday. The company’s fifty day moving average is C$3.93 and its 200-day moving average is C$3.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.74. The company has a market capitalization of C$5.90 billion, a PE ratio of -28.13, a P/E/G ratio of -0.27 and a beta of 1.21.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The firm had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. Equities research analysts predict that B2Gold will post 0.6237337 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd will be issued a $0.055 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.22 annualized dividend and a yield of 4.89%. B2Gold’s dividend payout ratio (DPR) is presently -137.50%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction 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. Company insiders own 0.70% of the company’s stock.

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.