B2Gold Corp. (TSE:BTO) Given Consensus Rating of “Hold” by Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$6.01.

A number of equities research analysts recently commented on the stock. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and increased their price objective for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets decreased their price target on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th.

B2Gold Stock Up 0.9 %

TSE:BTO opened at C$4.51 on Wednesday. The company’s 50-day simple moving average is C$3.83 and its 200-day simple moving average is C$3.97. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84. The stock has a market capitalization of C$4.17 billion, a P/E ratio of -5.19, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were paid a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.77%. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Insiders Place Their Bets

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of the firm’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 transaction of C$333,009.60. Also, Director Gregory Barnes acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of C$4.07 per share, for a total transaction of C$203,500.00. In the last 90 days, insiders sold 168,420 shares of company stock valued at $649,531. 0.66% of the stock is owned by company 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.