B2Gold Corp. (TSE:BTO) Receives Consensus Rating of "Hold" from Analysts

Key Points

• B2Gold Corp. (TSE:BTO) has received a consensus recommendation of "Hold" from analysts, with one sell, two hold, and one strong buy ratings among the four analysts covering the stock.
• The company declared a quarterly dividend of $0.02 per share, which will be paid on September 23rd, representing an annualized dividend yield of 1.3%.
• Insider trading activity shows significant sales, with one insider selling 44,102 shares and another selling 7,000 shares, indicating a possible decrease in confidence among company insiders.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has been given an average recommendation of "Hold" by the four analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$6.75.

Separately, Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating in a research report on Monday, June 30th.

Insider Transactions at B2Gold

In other news, insider Peter Dominic Montano sold 44,102 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$5.35, for a total transaction of C$235,945.70. Following the completion of the transaction, the insider directly owned -1,405 shares in the company, valued at C($7,516.75). This represents a 103.29% decrease in their position. Also, insider Randall Chatwin sold 7,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of C$5.33, for a total transaction of C$37,310.00. Following the transaction, the insider owned 40,199 shares of the company's stock, valued at approximately C$214,260.67. This represents a 14.83% decrease in their ownership of the stock. In the last quarter, insiders have sold 51,117 shares of company stock valued at $273,336. Corporate insiders own 0.66% of the company's stock.

B2Gold Trading Up 3.8%

Shares of BTO traded up C$0.23 during trading hours on Wednesday, reaching C$6.21. The stock had a trading volume of 6,926,056 shares, compared to its average volume of 3,672,295. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$6.34. The firm has a 50-day moving average of C$5.32 and a 200 day moving average of C$4.79. The company has a market cap of C$8.22 billion, a P/E ratio of -17.74, a P/E/G ratio of -0.27 and a beta of 0.48.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd 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 Wednesday, September 10th. B2Gold's dividend payout ratio is -34.29%.

B2Gold Company Profile

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.