B2Gold Corp. (TSE:BTO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$5.66.

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. BMO Capital Markets cut their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Cormark boosted their price target on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd.

B2Gold Stock Performance

TSE BTO opened at C$3.57 on Monday. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.84. The business has a fifty day moving average of C$4.14 and a 200-day moving average of C$3.98. The stock has a market cap of C$4.68 billion, a price-to-earnings ratio of -21.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were issued a $0.054 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.05%. B2Gold’s dividend payout ratio (DPR) is -129.41%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Senior Officer Ninette Krohnert sold 16,175 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. In the last quarter, insiders bought 70,138 shares of company stock worth $300,723 and sold 87,755 shares worth $378,029. Company insiders own 0.66% 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.