B2Gold Corp. (TSE:BTO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$6.11.

Several research analysts recently issued reports on BTO shares. Stifel Nicolaus raised their target price on shares of B2Gold from C$6.50 to C$7.50 in a report on Monday, April 21st. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. BMO Capital Markets dropped their target price on shares of B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Finally, Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th.

Insider Activity

In other B2Gold news, Senior Officer Eduard Bartz sold 13,161 shares of the business’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the completion of the sale, the insider now owns 16 shares in the company, valued at C$60.64. The trade was a 99.88% decrease in their ownership of the stock. Also, Senior Officer Randall Chatwin sold 8,200 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$4.97, for a total transaction of C$40,754.00. Over the last three months, insiders sold 474,941 shares of company stock worth $2,047,466. 0.66% of the stock is currently owned by company insiders.

B2Gold Price Performance

TSE BTO opened at C$5.01 on Monday. The company has a market cap of C$4.63 billion, a PE ratio of -5.77, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 52-week low of C$3.16 and a 52-week high of C$5.19. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The firm’s 50 day moving average price is C$4.38 and its 200-day moving average price is C$4.02.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 24th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 1.60%. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

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.