B2Gold Corp. (TSE:BTO) Given Average Recommendation of “Buy” by Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$9.33.

A number of analysts recently commented on the company. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$6.50 to C$11.00 in a research report on Monday, August 10th. Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target for the company in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, TD upgraded shares of B2Gold from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$6.00 to C$8.50 in a research note on Monday, August 10th.

Insider Buying and Selling at B2Gold

In other news, Director Jerry Korpan sold 200,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were 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 of the company’s stock, valued at C$16,096,800. The trade was a 8.06% decrease in their position. Also, insider Ninette Krohnert sold 4,700 shares of the business’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$27,636.00. Following the sale, the insider directly owned 62,557 shares of the company’s stock, valued at approximately C$367,835.16. The trade was a 6.99% decrease in their position. Insiders sold 536,585 shares of company stock valued at $3,652,521 in the last quarter. Insiders own 0.66% of the company’s stock.

B2Gold Price Performance

TSE BTO opened at C$7.76 on Friday. The business’s fifty day moving average price is C$6.29 and its 200-day moving average price is C$6.48. The stock has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 13.86, a PEG ratio of -0.27 and a beta of 1.74. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33. B2Gold has a 1-year low of C$5.02 and a 1-year high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (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 for the quarter. On average, equities analysts predict that B2Gold will post 0.5596659 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 10th. B2Gold’s dividend payout ratio is currently 14.29%.

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.