B2Gold Corp. (TSE:BTO) Receives C$5.79 Average Target Price from Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$5.79.

Several research firms have weighed in on BTO. BMO Capital Markets lowered their price objective on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Stifel Nicolaus boosted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th.

B2Gold Price Performance

Shares of TSE BTO opened at C$3.71 on Tuesday. The firm has a market cap of C$4.86 billion, a P/E ratio of -21.82, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The business’s 50 day moving average is C$3.62 and its 200-day moving average is C$3.94. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$4.84.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were paid a $0.054 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 5.82%. B2Gold’s payout ratio is -129.41%.

Insider Buying and Selling

In related news, Senior Officer Randall Chatwin acquired 10,153 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is owned by corporate 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.