B2Gold Corp. (TSE:BTO) Receives C$7.90 Consensus Price Target from Brokerages

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have received an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$7.90.

A number of research firms recently commented on BTO. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Stifel Nicolaus cut their price target on B2Gold from C$11.50 to C$10.50 in a research note on Tuesday, November 11th. National Bankshares increased their price objective on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Finally, Bank of America raised their target price on B2Gold from C$5.35 to C$6.25 in a report on Thursday, October 16th.

B2Gold Trading Up 1.3%

B2Gold stock opened at C$6.28 on Friday. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$8.35. The company has a market capitalization of C$8.39 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of -0.27 and a beta of 1.03. The business’s fifty day simple moving average is C$6.13 and its two-hundred day simple moving average is C$5.91. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

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

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.02 per share. 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 presently 66.67%.

Insider Activity

In other B2Gold news, insider Peter Dominic Montano sold 147,000 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of C$7.49, for a total value of C$1,101,030.00. Following the transaction, the insider owned -1,405 shares of the company’s stock, valued at C($10,523.45). This represents a 100.97% decrease in their position. Also, insider John Alex Rajala sold 142,857 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of C$7.50, for a total transaction of C$1,071,427.50. Following the completion of the transaction, the insider owned 238,342 shares in the company, valued at approximately C$1,787,565. The trade was a 37.48% decrease in their ownership of the stock. Corporate insiders own 0.66% of the company’s stock.

About B2Gold

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. There is no dependence on a particular purchaser because the gold is sold into a global market.