Brokerages Set B2Gold Corp. (TSE:BTO) PT at C$5.94

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned an average rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$5.94.

BTO has been the subject of a number of analyst reports. CIBC set a C$3.30 price objective on shares of B2Gold and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Cibc World Mkts upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Canaccord Genuity Group dropped 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 note on Tuesday, August 13th. Finally, Scotiabank cut shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th.

B2Gold Trading Up 1.4 %

Shares of B2Gold stock opened at C$3.64 on Friday. The stock has a market cap of C$4.77 billion, a P/E ratio of -22.75, a P/E/G ratio of -0.27 and a beta of 1.21. 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 has a 12-month low of C$3.18 and a 12-month high of C$4.74. The business’s 50 day moving average is C$3.85 and its 200-day moving average is C$3.70.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. The firm had revenue of C$673.95 million during the quarter. Equities research analysts predict that B2Gold will post 0.3483456 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 23rd will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold’s dividend payout ratio is -137.50%.

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.