B2Gold Corp. (TSE:BTO) Given Average Rating of “Moderate Buy” by Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$5.66.

A number of research firms have recently commented on BTO. Cormark increased their price objective on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Canaccord Genuity Group cut their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Scotiabank cut shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, CIBC set a C$3.30 price objective on B2Gold and gave the stock an “outperform” rating in a report on Wednesday, August 14th.

B2Gold Stock Performance

Shares of BTO stock opened at C$3.96 on Thursday. The company has a market cap of C$5.19 billion, a P/E ratio of -23.88, a PEG ratio of -0.27 and a beta of 1.23. The firm has a fifty day moving average price of C$4.33 and a 200 day moving average price of C$3.97. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Monday, December 2nd. B2Gold’s dividend payout ratio is currently -129.41%.

Insider Activity at B2Gold

In related news, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Also, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total value of C$250,982.04. Insiders have sold 97,755 shares of company stock worth $423,329 in the last quarter. 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.