Analysts Set B2Gold Corp. (TSE:BTO) PT at C$6.10

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$6.10.

BTO has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price target on shares of B2Gold from C$7.25 to C$7.50 in a report on Tuesday, April 23rd. Eight Capital decreased their target price on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. National Bankshares cut their price objective on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Stifel Nicolaus lowered their target price on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Finally, Scotiabank lowered 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 research report on Monday, March 18th.

Insiders Place Their Bets

In other news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction that occurred 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, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction 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. Insiders sold 205,857 shares of company stock worth $789,779 in the last quarter. 0.83% of the stock is currently owned by corporate insiders.

B2Gold Stock Up 1.1 %

TSE:BTO opened at C$3.52 on Friday. The stock’s fifty day simple moving average is C$3.57 and its 200-day simple moving average is C$3.88. The firm has a market capitalization of C$4.58 billion, a P/E ratio of 352.00, a P/E/G 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 has a 12-month low of C$3.18 and a 12-month high of C$5.74.

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

B2Gold Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.14%. B2Gold’s payout ratio is presently 2,200.00%.

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.