Analysts Set B2Gold Corp. (TSE:BTO) PT at C$9.33

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$9.33.

BTO has been the topic of several analyst reports. National Bank Financial lowered their target price on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. TD raised B2Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$6.00 to C$8.50 in a research note on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$6.50 to C$11.00 in a research report on Monday, August 10th. Finally, Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective for the company in a research note on Monday, August 10th.

Insiders Place Their Bets

In other news, Director Jerry Korpan sold 200,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the sale, the director directly owned 2,280,000 shares in the company, valued at C$16,096,800. This trade represents a 8.06% decrease in their position. Also, Director Michael Andrew Cinnamond sold 14,089 shares of B2Gold stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the transaction, the director owned 315,371 shares in the company, valued at approximately C$1,854,381.48. This trade represents a 4.28% decrease in their position. Over the last quarter, insiders sold 536,585 shares of company stock valued at $3,652,521. Insiders own 0.66% of the company’s stock.

B2Gold Stock Up 0.7%

BTO opened at C$7.46 on Friday. The firm’s 50 day simple moving average is C$6.49 and its two-hundred day simple moving average is C$6.49. The company has a market capitalization of C$9.86 billion, a PE ratio of 13.32, a PEG ratio of -0.27 and a beta of 1.94. B2Gold has a 1-year low of C$5.02 and a 1-year high of C$8.60. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$1.12 billion during the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. As a group, equities analysts forecast that B2Gold will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold’s payout ratio is currently 14.29%.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.