Brokerages Set B2Gold Corp. (TSE:BTO) Target Price at C$5.66

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.66.

A number of research firms have commented on BTO. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Cormark boosted their target price on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. CIBC set a C$3.30 price objective on B2Gold and gave the company an “outperform” rating in a research report on Wednesday, August 14th. BMO Capital Markets dropped their price target on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Canaccord Genuity Group reduced their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th.

Insider Buying and Selling

In related news, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction dated 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, Director Clive Thomas Johnson acquired 70,000 shares of the stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of C$4.29 per share, with a total value of C$300,300.00. Over the last 90 days, insiders have sold 97,755 shares of company stock worth $423,329. 0.66% of the stock is owned by corporate insiders.

B2Gold Stock Down 2.5 %

Shares of TSE BTO opened at C$3.96 on Thursday. The stock’s fifty day simple moving average is C$4.33 and its two-hundred day simple moving average is C$3.97. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of C$5.19 billion, a PE ratio of -23.88, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

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

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.