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

B2Gold (TSE:BTO) (NYSE:BTG) had its price target cut by Stifel Nicolaus from C$6.50 to C$6.00 in a research note released on Friday, BayStreet.CA reports.

Several other research firms also recently weighed in on BTO. CIBC dropped their target price on shares of B2Gold from C$3.60 to C$3.40 and set an outperform rating for the company in a report on Wednesday, February 7th. Scotiabank dropped their price objective on shares of B2Gold from C$6.50 to C$5.50 and set an outperform rating for the company in a report on Monday, March 18th. Canaccord Genuity Group reduced their target price on shares of B2Gold from C$8.00 to C$7.25 and set a buy rating on the stock in a report on Thursday, January 25th. National Bankshares dropped their price target on shares of B2Gold from C$5.50 to C$5.25 and set an outperform rating for the company in a research note on Tuesday, February 27th. Finally, BMO Capital Markets cut their price objective on B2Gold from C$6.50 to C$6.00 and set an outperform rating on the stock in a research report on Tuesday, March 19th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$6.07.

B2Gold Stock Performance

BTO opened at C$3.45 on Friday. The firm’s fifty day simple moving average is C$3.54 and its two-hundred day simple moving average is C$3.95. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$5.74. The company has a market cap of C$4.49 billion, a price-to-earnings ratio of 345.00, a PEG ratio of -0.27 and a beta of 1.13. The company has a quick ratio of 3.33, a current ratio of 2.27 and a debt-to-equity ratio of 4.91.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The business had revenue of C$697.07 million during the quarter. B2Gold had a net margin of 0.52% and a return on equity of 1.18%. Equities analysts anticipate that B2Gold will post 0.3116987 earnings per share for the current fiscal year.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Wednesday, March 6th. B2Gold’s payout ratio is 2,200.00%.

Insider Buying and Selling

In other news, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Senior Officer Eduard Bartz sold 12,510 shares of B2Gold stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total value of C$49,164.30. In the last ninety days, insiders have sold 205,857 shares of company stock valued at $789,779. Corporate insiders own 0.83% 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.