B2Gold Corp. (TSE:BTO) Receives C$6.11 Consensus PT from Analysts

Key Points

• B2Gold Corp. has received an average recommendation of "Moderate Buy" from analysts, with varying ratings ranging from sell to strong buy from the seven brokerages covering the firm.
• The company's quarterly dividend was recently announced at $0.02 per share, reflecting an annualized yield of 1.71%.
• B2Gold shares are currently trading at C$4.69, with a recent price target revisions from analysts varying between C$6.50 and C$7.50.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$6.11.

Several research firms recently commented on BTO. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating in a report on Monday, June 30th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Stifel Nicolaus raised their price target on shares of B2Gold from C$6.50 to C$7.50 in a report on Monday, April 21st. Finally, Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th.

B2Gold Stock Up 2.8%

Shares of BTO stock traded up C$0.13 during trading on Tuesday, hitting C$4.79. 1,628,553 shares of the company were exchanged, compared to its average volume of 3,477,669. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The firm has a market capitalization of C$4.43 billion, a price-to-earnings ratio of -5.51, a P/E/G ratio of -0.27 and a beta of 1.23. The business's 50-day simple moving average is C$4.86 and its 200 day simple moving average is C$4.32. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$5.21.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 24th were paid a $0.02 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 1.7%. B2Gold's payout ratio is -25.32%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin sold 8,200 shares of B2Gold stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$4.97, for a total value of C$40,754.00. Insiders have sold 108,216 shares of company stock valued at $505,820 in the last ninety days. 0.66% of the stock is owned by insiders.

B2Gold Company Profile

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.