B2Gold Corp. (TSE:BTO) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts hold a bullish view: Seven firms give B2Gold an average “Buy” rating, with four buys and two strong buys. The average 12-month price target is C$9.33, while recent targets range as high as C$11.00.
• Several brokers recently upgraded the stock, including TD Securities and Scotiabank to “strong buy” and ATB Cormark to “outperform,” citing improved prospects for the gold producer.
• B2Gold reported C$1.12 billion in quarterly revenue and C$0.04 EPS, and maintains a quarterly dividend equivalent to a 1.1% annual yield. However, insiders sold 227,252 shares during the last quarter, while the company’s shares remain below their 12-month high of C$8.60.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG have been assigned an average recommendation of "Buy" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$9.33.

A number of analysts have recently commented on BTO shares. National Bank Financial dropped their price target 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. TD Securities raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday. Scotia raised B2Gold from a "sector perform" rating to a "sector outperform" rating and set a C$10.00 target price on the stock in a research note on Monday. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, ATB Cormark Capital Markets raised B2Gold from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$6.50 to C$11.00 in a research report on Monday.

Insider Transactions at B2Gold

In related news, insider Randall Chatwin sold 67,857 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$6.33, for a total value of C$429,534.81. Following the completion of the transaction, the insider directly owned 130,043 shares in the company, valued at C$823,172.19. The trade was a 34.29% decrease in their position. Also, Director Michael Andrew Cinnamond sold 14,089 shares of the company's stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the completion of the transaction, the director directly owned 315,371 shares in the company, valued at C$1,854,381.48. This trade represents a 4.28% decrease in their ownership of the stock. In the last quarter, insiders have sold 227,252 shares of company stock valued at $1,401,375. 0.66% of the stock is currently owned by insiders.

B2Gold Price Performance

Shares of BTO stock opened at C$7.04 on Tuesday. The business's fifty day moving average is C$5.69 and its 200 day moving average is C$6.43. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The stock has a market cap of C$9.30 billion, a price-to-earnings ratio of 18.53, a PEG ratio of -0.27 and a beta of 1.74. B2Gold has a twelve month low of C$4.81 and a twelve month high of C$8.60.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The firm had revenue of C$1.12 billion for the quarter. Research 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 was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold's payout ratio is 21.05%.

More B2Gold News

Here are the key news stories impacting B2Gold this week:

• Positive Sentiment: B2Gold received approval for the Fekola Regional exploitation permit in Mali. The authorization reduces regulatory uncertainty and supports the company’s plans to develop additional resources around its important Fekola complex. B2Gold up 22% as it receives green light for Mali
• Positive Sentiment: The Mali permit announcement helped make B2Gold one of the TSX’s top gainers, aided by strength in gold prices. Higher bullion prices can improve revenue, margins and cash flow for gold producers. B2Gold makes TSX top gainer as gold prices gain and Fekola permit is granted
• Positive Sentiment: Analyst sentiment strengthened materially. TD Securities raised B2Gold from “hold” to “buy” and increased its price target to C$8.50 from C$6.00, while Scotiabank upgraded the shares to “sector outperform” with a C$10.00 target. Analyst ratings from BayStreet
• Positive Sentiment: ATB Cormark upgraded B2Gold to “outperform” and lifted its target to C$11.00 from C$6.50. TD Securities and Scotiabank subsequently characterized the stock as a “strong buy,” reinforcing the bullish view on the permit and gold-price outlook. B2Gold analyst upgrades from Zacks
• Negative Sentiment: B2Gold’s permit win followed a reduction to production guidance, indicating that permitting delays or operating challenges could weigh on near-term output and earnings. Investors may continue to monitor execution at Fekola and the timing of regional development. B2Gold wins Mali permit after guidance cut

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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