B2Gold Corp. (TSE:BTO) Receives Average Recommendation of “Hold” from Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$7.90.

BTO has been the topic of several recent research reports. National Bankshares lifted their price target on shares of B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research note on Tuesday. Stifel Nicolaus lowered their target price on B2Gold from C$11.50 to C$10.50 in a research report on Tuesday, November 11th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Bank of America raised their price target on B2Gold from C$5.35 to C$6.25 in a research note on Thursday, October 16th.

Insider Activity

In other news, insider Andrew Bruce Brown sold 75,000 shares of B2Gold stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of C$7.50, for a total transaction of C$562,500.00. Following the completion of the transaction, the insider directly owned 17,333 shares in the company, valued at approximately C$129,997.50. The trade was a 81.23% decrease in their position. Also, insider John Alex Rajala sold 142,857 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of C$7.50, for a total value of C$1,071,427.50. Following the transaction, the insider directly owned 238,342 shares in the company, valued at C$1,787,565. The trade was a 37.48% decrease in their ownership of the stock. In the last ninety days, insiders have sold 1,253,978 shares of company stock worth $9,256,534. 0.66% of the stock is owned by insiders.

B2Gold Stock Up 1.9%

B2Gold stock traded up C$0.12 during midday trading on Tuesday, reaching C$6.33. The stock had a trading volume of 2,205,990 shares, compared to its average volume of 4,338,494. The stock has a market capitalization of C$8.46 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of -0.27 and a beta of 0.89. The firm’s fifty day simple moving average is C$6.54 and its 200-day simple moving average is C$5.71. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$8.35.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$1.09 billion during the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. As a group, analysts expect that B2Gold will post 0.5596659 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 2nd. B2Gold’s payout ratio is presently 66.67%.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.