B2Gold Corp. (TSE:BTO) Receives C$5.92 Average Price Target from Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$5.92.

A number of analysts recently issued reports on the stock. BMO Capital Markets lowered 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 report on Monday, September 16th. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Cormark lifted their price target on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Scotiabank lowered B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th.

B2Gold Stock Performance

Shares of BTO stock opened at C$4.60 on Friday. The stock has a market cap of C$6.03 billion, a PE ratio of -27.18, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.84. The business has a 50-day simple moving average of C$4.20 and a 200-day simple moving average of C$3.92. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The company had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. On average, equities analysts expect that B2Gold will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd were issued a $0.055 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 4.78%. B2Gold’s payout ratio is currently -129.41%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Ninette Krohnert sold 16,175 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total value of C$66,479.25. In other 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 Ninette Krohnert sold 16,175 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Insiders sold 87,449 shares of company stock valued at $384,111 over the last 90 days. 0.66% of the stock is currently owned by corporate insiders.

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.