B2Gold Corp. (TSE:BTO) Receives C$6.11 Consensus Price Target from Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have received an average rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$6.11.

Several equities analysts have issued reports on BTO shares. BMO Capital Markets decreased their price target on shares of B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus lifted their price objective on B2Gold from C$6.50 to C$7.50 in a research note on Monday, April 21st.

Insiders Place Their Bets

In other news, Director Jerry Korpan sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of C$4.63, for a total transaction of C$555,600.00. Also, Senior Officer Randall Chatwin sold 8,200 shares of B2Gold stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$4.97, for a total transaction of C$40,754.00. In the last three months, insiders have sold 474,941 shares of company stock worth $2,047,466. Corporate insiders own 0.66% of the company’s stock.

B2Gold Stock Performance

TSE:BTO opened at C$5.11 on Monday. The stock’s 50-day moving average is C$4.49 and its 200-day moving average is C$4.05. The stock has a market cap of C$4.72 billion, a P/E ratio of -5.88, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$5.21. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 24th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

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.