Analysts Set B2Gold Corp. (TSE:BTO) Target Price at C$6.10

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$6.05.

Several equities analysts have commented on BTO shares. CIBC decreased their price target on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Canaccord Genuity Group lifted their price objective on shares of B2Gold from C$7.25 to C$7.50 in a research report on Tuesday, April 23rd. National Bankshares decreased their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. BMO Capital Markets decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Finally, Eight Capital decreased their price objective on shares of B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research report on Monday, April 22nd.

B2Gold Stock Performance

Shares of BTO stock opened at C$3.80 on Friday. The company has a quick ratio of 3.33, a current ratio of 2.27 and a debt-to-equity ratio of 4.91. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$5.74. The stock has a market capitalization of C$4.94 billion, a PE ratio of 380.00, a P/E/G ratio of -0.27 and a beta of 1.13. The firm has a 50 day moving average of C$3.59 and a two-hundred day moving average of C$3.88.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The business had revenue of C$697.07 million during the quarter. On average, research analysts predict that B2Gold will post 0.3116987 EPS for the current fiscal year.

B2Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.055 per share. This is a positive change from B2Gold’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, June 11th. This represents a $0.22 annualized dividend and a yield of 5.79%. B2Gold’s payout ratio is 2,200.00%.

Insider Activity

In other B2Gold news, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. In related news, Senior Officer Eduard Bartz sold 12,510 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. Also, Director Clive Thomas Johnson sold 91,552 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. Over the last ninety days, insiders sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is currently owned by company insiders.

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.