B2Gold Corp. (TSE:BTO) Receives Consensus Rating of “Buy” from Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned an average rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$5.95.

BTO has been the topic of a number of analyst reports. Scotiabank cut their price target on B2Gold from C$5.50 to C$5.00 in a research note on Thursday, May 9th. Eight Capital lowered 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. Canaccord Genuity Group lowered their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Stifel Nicolaus lowered their price objective on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Finally, Cormark upped their price objective on shares of B2Gold from C$5.00 to C$5.50 in a research report on Thursday, June 20th.

B2Gold Stock Down 1.3 %

TSE BTO opened at C$3.67 on Monday. The firm has a market cap of C$4.77 billion, a PE ratio of -73.40, a price-to-earnings-growth ratio of -0.27 and a beta of 1.15. B2Gold has a one year low of C$3.18 and a one year high of C$5.05. The stock’s 50 day simple moving average is C$3.67 and its 200 day simple moving average is C$3.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.99 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.01. B2Gold had a negative return on equity of 0.33% and a negative net margin of 1.88%. The firm had revenue of C$622.09 million for the quarter. As a group, sell-side analysts forecast that B2Gold will post 0.3689788 earnings per share for the current fiscal year.

B2Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 24th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Tuesday, June 11th. This is a boost from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s dividend payout ratio is -440.00%.

Insider Activity

In other news, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. In related news, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. Insiders sold 368,391 shares of company stock worth $1,418,413 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

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.