B2Gold (TSE:BTO) Price Target Lowered to C$6.00 at Stifel Nicolaus

B2Gold (TSE:BTO) (NYSE:BTG) had its target price decreased by Stifel Nicolaus from C$6.50 to C$6.00 in a research note published on Friday morning, BayStreet.CA reports.

Several other research firms have also recently issued reports on BTO. Canaccord Genuity Group cut their target price on B2Gold from C$8.00 to C$7.25 and set a buy rating on the stock in a research note on Thursday, January 25th. BMO Capital Markets cut their price objective on B2Gold from C$6.50 to C$6.00 and set an outperform rating on the stock in a research report on Tuesday, March 19th. National Bankshares reduced their target price on B2Gold from C$5.50 to C$5.25 and set an outperform rating on the stock in a report on Tuesday, February 27th. CIBC reduced their target price on B2Gold from C$3.60 to C$3.40 and set an outperform rating on the stock in a report on Wednesday, February 7th. Finally, Scotiabank reduced their target price on B2Gold from C$6.50 to C$5.50 and set an outperform rating on the stock in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of C$5.97.

B2Gold Stock Down 0.8 %

Shares of TSE:BTO opened at C$3.59 on Friday. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The stock has a market capitalization of C$4.67 billion, a P/E ratio of 359.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$5.74. The stock’s 50-day moving average price is C$3.54 and its 200-day moving average price is C$3.95.

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

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a $0.054 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.02%. B2Gold’s dividend payout ratio is currently 2,200.00%.

Insider Transactions at B2Gold

In other news, Director Clive Thomas Johnson sold 91,552 shares of the business’s stock in a transaction that occurred on 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 other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction on Monday, April 8th. The shares were 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. Insiders have sold a total of 205,857 shares of company stock valued at $789,779 in the last ninety days. 0.83% of the stock is currently owned by corporate 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.