Brokerages Set B2Gold Corp. (TSE:BTO) Target Price at C$5.94

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$5.93.

A number of brokerages recently issued reports on BTO. Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Stifel Nicolaus upped their target price on shares of B2Gold from C$6.50 to C$7.50 in a research note on Monday. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 31st.

B2Gold Price Performance

Shares of BTO opened at C$4.54 on Friday. The company has a market cap 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 has a fifty day moving average price of C$4.17 and a 200 day moving average price of C$3.99. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$4.88. 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.76%. B2Gold’s dividend payout ratio (DPR) is currently -25.32%.

Insider Buying and Selling

In related news, Senior Officer William Lytle sold 54,062 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$3.85, for a total transaction of C$208,138.70. Also, Director Gregory Barnes acquired 50,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of C$4.07 per share, with a total value of C$203,500.00. In the last ninety days, insiders sold 535,145 shares of company stock valued at $2,191,177. Insiders own 0.66% of the company’s stock.

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.