Brokerages Set B2Gold Corp. (TSE:BTO) PT at C$6.10

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$6.05.

Several equities research analysts recently issued reports on the company. Scotiabank dropped their price target on B2Gold from C$5.50 to C$5.00 in a research report on Thursday. Stifel Nicolaus dropped their target price on B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. National Bankshares dropped their target price on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. CIBC dropped their target price on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Canaccord Genuity Group increased their target price on B2Gold from C$7.25 to C$7.50 in a research report on Tuesday, April 23rd.

Insider Transactions at B2Gold

In related news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. In related news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction dated 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 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. Over the last quarter, insiders sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is currently owned by corporate insiders.

B2Gold Stock Performance

BTO stock opened at C$3.80 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 firm has a market cap of C$4.94 billion, a P/E ratio of 380.00, a P/E/G 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 simple moving average is C$3.59 and its 200 day simple moving average is C$3.88.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly 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 firm had revenue of C$697.07 million for the quarter. B2Gold had a net margin of 0.52% and a return on equity of 1.18%. As a group, equities research analysts predict that B2Gold will post 0.3116987 EPS for the current year.

B2Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Tuesday, June 11th will be paid a $0.055 dividend. This is a boost 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 dividend yield of 5.79%. B2Gold’s dividend payout ratio is presently 2,200.00%.

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.