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

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$5.66.

BTO has been the subject of a number of research analyst reports. Cormark boosted their price objective on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. BMO Capital Markets dropped their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Stifel Nicolaus increased their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total transaction of C$66,479.25. Over the last quarter, insiders have purchased 70,138 shares of company stock worth $300,723 and have sold 87,755 shares worth $378,029. Company insiders own 0.66% of the company’s stock.

B2Gold Trading Down 2.4 %

BTO stock opened at C$3.59 on Monday. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The stock has a market cap of C$4.70 billion, a price-to-earnings ratio of -21.12, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a fifty day moving average price of C$4.17 and a two-hundred day moving average price of C$3.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Monday, December 2nd. B2Gold’s dividend payout ratio is -129.41%.

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.