B2Gold Corp. (TSE:BTO) Receives C$5.92 Average PT from Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$5.92.

Several equities research analysts have recently issued reports on the stock. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an “outperform” rating in a research note 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 research note on Friday, August 9th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Cormark raised their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd.

B2Gold Trading Down 1.7 %

BTO stock opened at C$4.12 on Wednesday. The company’s 50-day simple moving average is C$3.99 and its 200-day simple moving average is C$3.81. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.74. The firm has a market cap of C$5.40 billion, a P/E ratio of -25.75, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The firm had revenue of C$673.95 million for the quarter. As a group, equities analysts forecast that B2Gold will post 0.5484293 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd were issued a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 5.34%. B2Gold’s payout ratio is -137.50%.

Insider Transactions at B2Gold

In other news, Director Clive Thomas Johnson purchased 70,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was acquired at an average price of C$4.29 per share, for a total transaction of C$300,300.00. In related news, Director Clive Thomas Johnson acquired 70,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average price of C$4.29 per share, with a total value of C$300,300.00. Also, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Insiders sold 71,274 shares of company stock worth $317,632 in the last 90 days. Insiders own 0.66% 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.