B2Gold Corp. (TSE:BTO) Receives C$5.79 Consensus Target Price from Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$5.79.

Several equities research analysts have issued reports on BTO shares. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets decreased their target price on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th.

Insider Buying and Selling

In related news, Senior Officer Randall Chatwin bought 10,153 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is owned by insiders.

B2Gold Stock Performance

Shares of TSE:BTO opened at C$3.58 on Tuesday. The company has a market cap of C$4.69 billion, a P/E ratio of -21.06, 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 one year low of C$3.16 and a one year high of C$4.84. The business’s 50-day simple moving average is C$3.64 and its 200 day simple moving average is C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Wednesday, November 6th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same period in the previous year, the company earned $0.07 EPS. On average, sell-side analysts forecast that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.054 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.03%. B2Gold’s dividend payout ratio (DPR) is presently -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.