B2Gold Corp. (TSE:BTO) Given Consensus Rating of “Hold” by Brokerages

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$7.90.

Several analysts recently issued reports on the company. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Bank of America upped their target price on B2Gold from C$5.35 to C$6.25 in a research report on Thursday, October 16th. Stifel Nicolaus reduced their price target on B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. Finally, National Bankshares boosted their price target on B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th.

B2Gold Stock Performance

BTO stock opened at C$6.37 on Tuesday. The firm has a 50 day simple moving average of C$6.47 and a 200 day simple moving average of C$5.77. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$8.35. The stock has a market cap of C$8.51 billion, a P/E ratio of 42.47, a P/E/G ratio of -0.27 and a beta of 0.89. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$1.09 billion for the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. Research analysts anticipate that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s payout ratio is currently 66.67%.

Insider Buying and Selling at B2Gold

In other news, insider John Alex Rajala sold 142,857 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of C$7.50, for a total transaction of C$1,071,427.50. Following the transaction, the insider owned 238,342 shares in the company, valued at approximately C$1,787,565. This trade represents a 37.48% decrease in their position. Also, insider Andrew Bruce Brown sold 75,000 shares of B2Gold stock in a transaction on Monday, October 6th. The shares were sold at an average price of C$7.50, for a total transaction of C$562,500.00. Following the completion of the sale, the insider directly owned 17,333 shares of the company’s stock, valued at approximately C$129,997.50. The trade was a 81.23% decrease in their position. In the last 90 days, insiders have sold 1,253,978 shares of company stock worth $9,256,534. Company insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.