B2Gold (TSE:BTO) PT Lowered to C$7.00 at Eight Capital

B2Gold (TSE:BTO - Free Report) NYSE: BTG had its target price cut by Eight Capital from C$7.25 to C$7.00 in a research report released on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

BTO has been the subject of a number of other reports. Stifel Nicolaus reduced their target price on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday. Scotiabank reduced their price target on shares of B2Gold from C$6.50 to C$5.50 and set an outperform rating for the company in a research note on Monday, March 18th. National Bankshares reduced their price target on shares of B2Gold from C$5.50 to C$5.25 and set an outperform rating for the company in a research note on Tuesday, February 27th. CIBC reduced their price target on shares of B2Gold from C$3.60 to C$3.40 and set an outperform rating for the company in a research note on Wednesday, February 7th. Finally, Canaccord Genuity Group cut their target price on shares of B2Gold from C$8.00 to C$7.25 and set a buy rating for the company in a research note on Thursday, January 25th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of C$6.07.

B2Gold Stock Down 3.9 %

BTO stock traded down C$0.14 during trading on Monday, reaching C$3.45. The stock had a trading volume of 5,084,268 shares, compared to its average volume of 3,716,990. The firm has a fifty day moving average price of C$3.54 and a 200 day moving average price of C$3.95. The company has a market capitalization of C$4.49 billion, a P/E ratio of 345.00, a PEG ratio of -0.27 and a beta of 1.13. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$5.74. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 earnings per share for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The business had revenue of C$697.07 million for the quarter. On average, equities analysts anticipate that B2Gold will post 0.3116987 earnings per share for the current year.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a $0.054 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 annualized dividend and a yield of 6.26%. B2Gold's dividend payout ratio is presently 2,200.00%.

Insider Transactions at B2Gold

In other news, Senior Officer Neil Reeder sold 15,279 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. In related news, Senior Officer Neil Reeder sold 15,279 shares of the company's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Director Clive Thomas Johnson sold 91,552 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$343,320.00. Insiders have sold a total of 205,857 shares of company stock worth $789,779 in the last 90 days. 0.83% of the stock is owned by insiders.

About B2Gold

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.