B2Gold Corp. (BTO.TO) – What Are Analysts Thinking About This Stock?

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$9.95.

A number of research analysts have weighed in on BTO shares. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating and raised their price objective for the company from C$6.50 to C$11.00 in a research note on Monday, August 10th. Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. National Bank Financial decreased their target price on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th.

B2Gold Trading Down 1.9%

Shares of B2Gold stock opened at C$6.69 on Friday. The company has a debt-to-equity ratio of 11.48, a quick ratio of 3.33 and a current ratio of 1.58. B2Gold has a 52 week low of C$5.02 and a 52 week high of C$8.60. The stock has a 50 day moving average price of C$7.47 and a two-hundred day moving average price of C$6.60. The stock has a market capitalization of C$8.84 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of -0.27 and a beta of 1.86.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. The firm had revenue of C$1.12 billion during the quarter. As a group, equities analysts anticipate that B2Gold will post 0.56 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, September 10th. B2Gold’s dividend payout ratio (DPR) is currently 14.29%.

Insider Activity at B2Gold

In related news, Director Jerry Korpan sold 200,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the completion of the sale, the director owned 2,280,000 shares in the company, valued at approximately C$16,096,800. This represents a 8.06% decrease in their ownership of the stock. Also, insider William Lytle sold 177,190 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the completion of the sale, the insider directly owned 41,285 shares of the company’s stock, valued at C$295,600.60. The trade was a 81.10% decrease in their ownership of the stock. 0.66% of the stock is owned by insiders.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.