Analysts Set B2Gold Corp. (TSE:BTO) PT at C$6.02

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$6.02.

Several brokerages have weighed in on BTO. National Bankshares lowered their target price on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Canaccord Genuity Group decreased their price objective 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. CIBC decreased their price objective on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Scotiabank decreased their price objective 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. Finally, Stifel Nicolaus decreased their price objective on B2Gold from C$7.00 to C$6.50 and set a “buy” rating for the company in a research note on Friday, January 26th.

B2Gold Price Performance

Shares of BTO stock opened at C$3.98 on Wednesday. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$5.87. The stock has a market capitalization of C$5.17 billion, a price-to-earnings ratio of 398.00, a P/E/G ratio of -0.27 and a beta of 1.13. The stock has a fifty day simple moving average of C$3.53 and a two-hundred day simple moving average of C$3.96. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$697.07 million during the quarter. On average, analysts predict that B2Gold will post 0.3116987 EPS for the current fiscal year.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is currently 2,200.00%.

Insider Activity at B2Gold

In related news, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$57,296.25. In other news, Senior Officer Neil Reeder sold 15,279 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Also, Director Clive Thomas Johnson sold 91,552 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$343,320.00. Insiders have sold 205,838 shares of company stock valued at $789,703 in the last ninety days. Corporate insiders own 0.83% of the company’s stock.

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.