B2Gold Corp. (TSE:BTO) Receives C$5.66 Average Target Price from Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.66.

BTO has been the subject of a number of research reports. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. BMO Capital Markets lowered their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Stifel Nicolaus upped their price target on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Finally, Cormark lifted their price objective on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd.

Insider Transactions at B2Gold

In other news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total value of C$66,479.25. Over the last ninety days, insiders have bought 70,138 shares of company stock valued at $300,723 and have sold 87,755 shares valued at $378,029. 0.66% of the stock is currently owned by insiders.

B2Gold Trading Up 1.1 %

B2Gold stock opened at C$3.57 on Monday. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84. The stock has a market capitalization of C$4.68 billion, a PE ratio of -21.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The firm has a 50 day simple moving average of C$4.14 and a 200-day simple moving average of C$3.98. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were issued a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 6.05%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is -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.