B2Gold (TSE:BTO – Free Report) (NYSE:BTG) had its price objective cut by Canaccord Genuity Group from C$7.50 to C$7.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other equities analysts have also issued reports on BTO. Stifel Nicolaus lowered their price target on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Cibc World Mkts lowered B2Gold from a strong-buy rating to a hold rating in a research note on Wednesday, July 10th. Scotiabank downgraded shares of B2Gold from an outperform rating to a sector perform rating in a research note on Friday, August 9th. Eight Capital dropped 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 note on Monday, April 22nd. Finally, Cormark lifted their target price on shares of B2Gold from C$5.00 to C$5.50 in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$5.94.
B2Gold Stock Performance
B2Gold Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 10th will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 6.20%. B2Gold’s dividend payout ratio is -366.67%.
Insider Buying and Selling at B2Gold
In other news, Senior Officer Randall Chatwin sold 12,520 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$3.72, for a total transaction of C$46,574.40. In other news, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Also, Senior Officer Daniel Bruce Moore sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. In the last quarter, insiders sold 162,558 shares of company stock worth $628,717. 0.70% of the stock is currently owned by insiders.
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.
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