B2Gold (TSE:BTO) Trading 3% Higher

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) traded up 3% on Wednesday . The stock traded as high as C$3.78 and last traded at C$3.77. 646,034 shares changed hands during trading, a decline of 82% from the average session volume of 3,636,363 shares. The stock had previously closed at C$3.66.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. National Bankshares decreased their target price on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Scotiabank decreased their target price on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research note on Monday, March 18th. BMO Capital Markets decreased their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Canaccord Genuity Group decreased their target price on B2Gold from C$8.00 to C$7.25 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Stifel Nicolaus decreased their price target on B2Gold from C$7.00 to C$6.50 and set a “buy” rating for the company in a research report on Friday, January 26th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$6.02.

B2Gold Price Performance

The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The firm has a market cap of C$4.71 billion, a price-to-earnings ratio of 362.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. The stock has a 50-day moving average of C$3.54 and a two-hundred day moving average of C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The business had revenue of C$697.07 million for the quarter. On average, analysts anticipate that B2Gold Corp. will post 0.3116987 EPS for the current year.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a dividend of $0.054 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 dividend on an annualized basis and a yield of 5.97%. B2Gold’s payout ratio is presently 2,200.00%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. Also, Director Clive Thomas Johnson sold 86,475 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$3.93, for a total value of C$339,846.75. In the last ninety days, insiders sold 205,857 shares of company stock worth $789,779. 0.83% of the stock is currently 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.