B2Gold Corp. (TSE:BTO) Given Consensus Recommendation of “Buy” by Brokerages

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$5.95.

A number of research analysts recently issued reports on BTO shares. Cormark lifted their price target on shares of B2Gold from C$5.00 to C$5.50 in a research note on Thursday. National Bankshares decreased their price target on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Stifel Nicolaus decreased their price target on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Canaccord Genuity Group decreased their price target on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Finally, BMO Capital Markets cut their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th.

B2Gold Trading Up 0.3 %

TSE BTO opened at C$3.63 on Monday. The firm has a 50 day simple moving average of C$3.67 and a 200-day simple moving average of C$3.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.33 and a current ratio of 2.99. B2Gold has a one year low of C$3.18 and a one year high of C$5.05. The firm has a market cap of C$4.72 billion, a price-to-earnings ratio of -72.60, a PEG ratio of -0.27 and a beta of 1.15.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.01. B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%. The company had revenue of C$622.09 million during the quarter. Equities research analysts anticipate that B2Gold will post 0.3689788 EPS for the current fiscal year.

B2Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 24th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.06%. This is a boost from B2Gold’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, June 11th. B2Gold’s payout ratio is presently -440.00%.

Insider Activity

In other news, Senior Officer Randall Chatwin sold 12,520 shares of B2Gold stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. Also, Senior Officer Daniel Bruce Moore sold 150,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. Insiders have sold 368,391 shares of company stock valued at $1,418,413 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

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.