B2Gold Corp. (TSE:BTO) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• B2Gold has a consensus “Buy” rating from eight brokerages, with four buys, three strong buys, and one hold. The average 12-month price target is C$9.33, above the reported share price of C$7.76.
• Several analysts recently upgraded the stock and raised their targets, including ATB Cormark to C$11.00 and Scotia to C$10.00, while TD and CIBC also moved to more bullish ratings.
• B2Gold announced a quarterly dividend of C$0.02 per share, or C$0.08 annualized, representing a 1.0% yield. Insiders have sold 536,585 shares worth approximately C$3.65 million over the past 90 days.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG have been given a consensus rating of "Buy" by the eight brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$9.33.

Several analysts recently commented on the stock. Scotia raised shares of B2Gold from a "sector perform" rating to a "sector outperform" rating and set a C$10.00 price objective on the stock in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating and upped their target price for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. National Bank Financial dropped their target price on shares of B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. Finally, TD upgraded shares of B2Gold from a "hold" rating to a "buy" rating and increased their price target for the company from C$6.00 to C$8.50 in a report on Monday, August 10th.

Insider Transactions at B2Gold

In other news, Director Jerry Korpan sold 200,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction 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 represents a 8.06% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 22,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of C$5.70, for a total value of C$125,400.00. Following the sale, the insider directly owned 119,989 shares in the company, valued at C$683,937.30. This trade represents a 15.49% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 536,585 shares of company stock valued at $3,652,521. Insiders own 0.66% of the company's stock.

B2Gold Stock Down 0.9%

Shares of TSE:BTO opened at C$7.76 on Friday. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48. The stock has a fifty day simple moving average of C$6.29 and a two-hundred day simple moving average of C$6.48. B2Gold has a 12-month low of C$5.02 and a 12-month high of C$8.60. The stock has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 13.86, a PEG ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%.The firm had revenue of C$1.12 billion for the quarter. On average, research analysts anticipate that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 23rd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.0%. B2Gold's dividend payout ratio (DPR) is presently 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.

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