B2Gold Corp. (TSE:BTO) Given Average Recommendation of “Hold” by Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$6.01.

A number of brokerages recently issued reports on BTO. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cormark raised B2Gold from a “market perform” rating to a “buy” rating and increased their price objective for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets cut their price target on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th.

Insider Buying and Selling at B2Gold

In related news, Senior Officer Randall Chatwin bought 10,153 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. Also, Director Gregory Barnes bought 50,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Insiders have acquired a total of 60,190 shares of company stock valued at $239,275 in the last three months. Corporate insiders own 0.66% of the company’s stock.

B2Gold Price Performance

Shares of BTO opened at C$3.99 on Friday. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$4.84. The company has a 50 day moving average of C$3.65 and a two-hundred day moving average of C$3.92. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The company has a market cap of C$3.69 billion, a price-to-earnings ratio of -4.59, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, March 7th. B2Gold’s dividend payout ratio is presently -25.32%.

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.