B2Gold Corp. (BTO.TO) – What Are Investment Firms Saying About This Stock?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$9.95.

A number of equities research analysts have recently commented on the company. Scotia raised 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 report on Monday, August 10th. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$6.50 to C$11.00 in a research note on Monday, August 10th. TD upgraded B2Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from C$6.00 to C$8.50 in a report on Monday, August 10th. Finally, Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th.

B2Gold Price Performance

Shares of TSE:BTO opened at C$6.41 on Friday. B2Gold has a 12 month low of C$5.02 and a 12 month high of C$8.60. The firm has a market capitalization of C$8.47 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of -0.27 and a beta of 1.86. The business’s 50 day simple moving average is C$7.42 and its 200-day simple moving average is C$6.71. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$1.12 billion for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. As a group, equities analysts forecast that B2Gold will post 0.56 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 10th. B2Gold’s dividend payout ratio (DPR) is currently 14.29%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Jerry Korpan sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the transaction, the director directly owned 2,280,000 shares of the company’s stock, valued at C$16,096,800. This trade represents a 8.06% decrease in their ownership of the stock. Also, insider William Lytle sold 177,190 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the transaction, the insider owned 41,285 shares in the company, valued at approximately C$295,600.60. This represents a 81.10% decrease in their position. 0.66% of the stock is currently owned by corporate insiders.

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.