B2Gold Corp. (TSE:BTO) Given Consensus Recommendation of “Hold” by Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$5.94.

BTO has been the topic of several research analyst reports. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday. BMO Capital Markets reduced their price target on shares of B2Gold from C$7.00 to C$6.50 in a research note on Monday. TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th.

Insiders Place Their Bets

In other news, Director Gregory Barnes acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of C$4.07 per share, with a total value of C$203,500.00. Also, Director Clive Thomas Johnson sold 86,496 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$333,009.60. Insiders have sold a total of 168,420 shares of company stock worth $649,531 in the last quarter. 0.66% of the stock is owned by company insiders.

B2Gold Price Performance

TSE:BTO opened at C$4.16 on Wednesday. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$4.84. The stock’s fifty day moving average is C$3.91 and its two-hundred day moving average is C$3.99. The company has a market capitalization of C$3.85 billion, a P/E ratio of -4.79, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.92%. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

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.