B2Gold Corp. (TSE:BTO) Stock Has Consensus Target Price of C$9.33

Key Points

• B2Gold has a consensus “Buy” rating from eight analysts, including four buys and three strong buys. The average 12-month price target is C$9.33, above the reported C$7.58 opening price.
• The company reported quarterly revenue of C$1.12 billion and earnings of C$0.04 per share, with a 21.20% net margin and 21.87% return on equity.
• B2Gold paid a quarterly dividend of C$0.02 per share, equivalent to C$0.08 annually and a 1.1% yield; insiders sold 475,331 shares worth approximately C$3.25 million over the latest quarter.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has been given a consensus recommendation of "Buy" by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$9.33.

A number of equities research analysts have recently commented on the company. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. TD Securities raised B2Gold from a "hold" rating to a "strong-buy" rating in a research 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 price target for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. National Bank Financial cut their price objective on shares of 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. Finally, Canadian Imperial Bank of Commerce raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th.

B2Gold Stock Performance

Shares of BTO opened at C$7.58 on Wednesday. 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 business's 50 day moving average price is C$7.01 and its 200-day moving average price is C$6.47. B2Gold has a 52 week low of C$5.02 and a 52 week high of C$8.60. The stock has a market cap of C$10.10 billion, a P/E ratio of 13.54, a P/E/G ratio of -0.27 and a beta of 1.94.

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

B2Gold Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 10th. B2Gold's dividend payout ratio is currently 14.29%.

Insider Activity

In related news, insider Neil Reeder sold 8,482 shares of the firm'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 transaction of C$49,874.16. Following the completion of the sale, the insider owned 10,067 shares of the company's stock, valued at C$59,193.96. This trade represents a 45.73% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 22,000 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$5.70, for a total transaction of C$125,400.00. Following the completion of the transaction, the insider owned 119,989 shares of the company's stock, valued at approximately C$683,937.30. The trade was a 15.49% decrease in their ownership of the stock. Over the last quarter, insiders have sold 475,331 shares of company stock valued at $3,253,758. Company insiders own 0.66% of the company's stock.

B2Gold Company Profile

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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