B2Gold (TSE:BTO) PT Lowered to C$7.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price trimmed by Eight Capital from C$7.25 to C$7.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

BTO has been the subject of several other research reports. Canaccord Genuity Group dropped their price target on shares of B2Gold from C$8.00 to C$7.25 and set a buy rating for the company in a research report on Thursday, January 25th. CIBC dropped their price objective on shares of B2Gold from C$3.60 to C$3.40 and set an outperform rating for the company in a research report on Wednesday, February 7th. National Bankshares dropped their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an outperform rating for the company in a research report on Tuesday, February 27th. Stifel Nicolaus dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Finally, Scotiabank dropped their price objective on shares of B2Gold from C$6.50 to C$5.50 and set an outperform rating for the company in a research report on Monday, March 18th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$6.10.

B2Gold Stock Performance

Shares of BTO stock opened at C$3.52 on Monday. B2Gold has a one year low of C$3.18 and a one year high of C$5.74. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. The company has a 50 day moving average price of C$3.55 and a 200 day moving average price of C$3.94. The firm has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 352.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 EPS 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 company had revenue of C$697.07 million for the quarter. Sell-side analysts anticipate that B2Gold will post 0.3116987 EPS for the current year.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were issued a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s payout ratio is 2,200.00%.

Insider Activity at B2Gold

In related news, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. Also, Senior Officer Neil Reeder sold 15,279 shares of the firm’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 the last three months, insiders sold 205,857 shares of company stock valued at $789,779. Corporate insiders own 0.83% of the company’s stock.

B2Gold Company Profile

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.