Analysts Set B2Gold Corp. (TSE:BTO) PT at C$7.80

Shares of B2Gold Corp. (TSE:BTO – Get Rating) (NYSE:BTG) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$7.80.

BTO has been the subject of a number of research reports. Scotiabank increased their price target on B2Gold from C$8.00 to C$8.25 in a research note on Tuesday, April 19th. Canaccord Genuity Group increased their price target on B2Gold from C$8.00 to C$9.00 in a research note on Friday, April 22nd. National Bankshares increased their price target on B2Gold from C$7.75 to C$8.50 in a research note on Wednesday, April 20th. Finally, Cormark increased their price target on B2Gold from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Thursday, March 24th.

In other B2Gold news, Senior Officer John Alex Rajala sold 5,551 shares of B2Gold stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of C$5.12, for a total transaction of C$28,421.12. Following the completion of the transaction, the insider now owns 129,542 shares in the company, valued at approximately C$663,255.04. Also, Senior Officer Dennis Stansbury sold 40,705 shares of B2Gold stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of C$5.71, for a total value of C$232,425.55. Following the transaction, the insider now owns 3,180,196 shares of the company’s stock, valued at approximately C$18,158,919.16. Over the last three months, insiders sold 395,672 shares of company stock valued at $2,245,512.

Shares of BTO stock opened at C$4.52 on Friday. The stock’s fifty day moving average price is C$5.16 and its two-hundred day moving average price is C$5.18. The company has a market cap of C$4.78 billion and a PE ratio of 9.22. B2Gold has a fifty-two week low of C$4.21 and a fifty-two week high of C$6.39. The company has a debt-to-equity ratio of 2.41, a quick ratio of 3.55 and a current ratio of 5.17.

B2Gold (TSE:BTO – Get Rating) (NYSE:BTG) last issued its earnings results on Tuesday, May 3rd. The company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The business had revenue of C$463.09 million during the quarter, compared to analyst estimates of C$440.32 million. On average, equities analysts predict that B2Gold will post 0.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Monday, June 20th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, June 17th. B2Gold’s dividend payout ratio is currently 32.65%.

B2Gold Company Profile (Get Rating)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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