BMO Capital Markets Cuts B2Gold (TSE:BTO) Price Target to C$6.50

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective trimmed by BMO Capital Markets from C$7.00 to C$6.50 in a report published on Monday,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the company. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and lifted their price target for the stock from C$4.50 to C$6.25 in a report on Friday, February 21st. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$5.94.

B2Gold Price Performance

Shares of BTO opened at C$4.20 on Monday. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.84. The stock has a market cap of C$3.88 billion, a P/E ratio of -4.83, a P/E/G ratio of -0.27 and a beta of 1.23. The business’s fifty day moving average is C$3.93 and its 200 day moving average is C$4.00. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.90%. B2Gold’s dividend payout ratio is presently -25.32%.

Insider Activity

In related news, Senior Officer Eduard Bartz sold 27,862 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$3.89, for a total value of C$108,383.18. Following the sale, the insider now directly owns 16 shares of the company’s stock, valued at C$62.24. This trade represents a 99.94 % decrease in their ownership of the stock. Also, Director Clive Thomas Johnson sold 86,496 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$333,009.60. In the last quarter, insiders have sold 168,420 shares of company stock worth $649,531. 0.66% of the stock is currently owned by corporate 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.