B2Gold Corp. (TSE:BTO) Stock Has Consensus Target Price of C$9.95 According to Brokerages

Key Points

• Analysts remain bullish on B2Gold: Eight covering firms assign the stock an average “Buy” rating, with a consensus 12-month price target of C$9.95 versus its reported opening price of C$6.69.
• Several brokerages recently upgraded B2Gold, including CIBC and Scotiabank to “strong buy,” while TD raised its target to C$8.50 and ATB Cormark to C$11.00.
• B2Gold reported quarterly revenue of C$1.12 billion and EPS of C$0.04, and pays a quarterly dividend of $0.02, equivalent to a 1.2% annualized yield.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has been given an average rating of "Buy" by the eight research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$9.95.

Several equities research analysts recently commented on the company. Canadian Imperial Bank of Commerce upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. TD upgraded B2Gold from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$6.00 to C$8.50 in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a "hold" rating to a "moderate buy" rating and lifted their target price for the stock from C$6.50 to C$11.00 in a report on Monday, August 10th. 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 note on Tuesday, July 14th. Finally, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th.

B2Gold Price Performance

Shares of TSE BTO opened at C$6.69 on Friday. The company has a market capitalization of C$8.84 billion, a PE ratio of 11.95, a P/E/G ratio of -0.27 and a beta of 1.86. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. B2Gold has a twelve month low of C$5.02 and a twelve month high of C$8.60. The firm has a fifty day simple moving average of C$7.47 and a 200 day simple moving average of C$6.60.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last issued its quarterly 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 business had revenue of C$1.12 billion for the quarter. On average, sell-side analysts forecast that B2Gold will post 0.56 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were paid a $0.02 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.2%. B2Gold's payout ratio is currently 14.29%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Jerry Korpan sold 200,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the completion of the sale, the director directly owned 2,280,000 shares in the company, valued at approximately C$16,096,800. This trade represents a 8.06% decrease in their ownership of the stock. Also, insider William Lytle sold 177,190 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total transaction of C$1,268,680.40. Following the completion of the sale, the insider owned 41,285 shares of the company's stock, valued at C$295,600.60. The trade was a 81.10% decrease in their ownership of the stock. 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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