B2Gold Corp. (TSE:BTO) Receives C$5.66 Average Target Price from Analysts

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

Several research firms have recently commented on BTO. Canaccord Genuity Group lowered their price target on 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. Scotiabank cut B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Cormark boosted their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Stifel Nicolaus raised 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 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.

Insider Activity at B2Gold

In other B2Gold news, Director Clive Thomas Johnson purchased 70,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of C$4.29 per share, with a total value of C$300,300.00. Also, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. Insiders have sold a total of 97,755 shares of company stock valued at $423,329 over the last 90 days. 0.66% of the stock is owned by corporate insiders.

B2Gold Stock Performance

TSE:BTO opened at C$4.06 on Thursday. The stock has a market capitalization of C$5.32 billion, a P/E ratio of -23.88, a PEG ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.84. The company has a 50 day moving average price of C$4.33 and a 200 day moving average price of C$3.97.

B2Gold Cuts Dividend

The company also recently announced 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 is Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.32%. B2Gold’s 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.