B2Gold (TSE:BTO) Trading Up 3.7% on Analyst Upgrade

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price traded up 3.7% on Monday after Stifel Nicolaus raised their price target on the stock from C$6.50 to C$7.50. The stock traded as high as C$4.83 and last traded at C$4.76. 2,662,797 shares changed hands during trading, a decline of 32% from the average session volume of 3,931,418 shares. The stock had previously closed at C$4.59.

Other equities research analysts have also issued reports about the company. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. BMO Capital Markets cut their price target on B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, B2Gold presently has an average rating of “Moderate Buy” and an average price target of C$5.93.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Eduard Bartz sold 13,161 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the transaction, the insider now owns 16 shares of the company’s stock, valued at C$60.64. The trade was a 99.88 % decrease in their ownership of the stock. Also, Senior Officer William Lytle sold 54,062 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$208,138.70. Insiders have sold a total of 535,145 shares of company stock worth $2,191,177 in the last 90 days. Corporate insiders own 0.66% of the company’s stock.

B2Gold Stock Performance

The stock has a market capitalization of C$4.20 billion, a P/E ratio of -5.23, a PEG ratio of -0.27 and a beta of 1.23. The stock’s 50-day simple moving average is C$4.17 and its 200 day simple moving average is C$3.99. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 1.76%. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

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.