B2Gold - BTO Stock Forecast, Price & News

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Uzbekistan, and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of B2Gold from C$8.00 to C$8.25 in a research note on Tuesday, April 19th. Canaccord Genuity Group boosted their price target on shares of B2Gold from C$8.00 to C$9.00 in a research note on Friday, April 22nd. TD Securities dropped their price target on shares of B2Gold from C$9.50 to C$9.00 in a research note on Thursday, July 21st. Finally, National Bankshares decreased their price objective on shares of B2Gold from C$8.00 to C$7.50 and set an "outperform" rating for the company in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, B2Gold presently has a consensus rating of "Moderate Buy" and an average price target of C$7.55.

B2Gold Price Performance

Shares of B2Gold stock traded down C$0.15 on Wednesday, hitting C$4.27. The firm has a market capitalization of C$4.54 billion and a P/E ratio of 9.09. B2Gold has a 12-month low of C$4.05 and a 12-month high of C$6.39. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.97 and a current ratio of 4.64. The stock's 50 day moving average price is C$4.48 and its 200 day moving average price is C$5.09.

B2Gold (TSE:BTO - Get Rating) (NYSE:BTG) last released its quarterly earnings results on Wednesday, August 3rd. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The firm had revenue of C$487.55 million for the quarter. Analysts predict that B2Gold will post 0.46 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Monday, June 20th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, June 17th. B2Gold's dividend payout ratio (DPR) is presently 34.04%.

Insider Activity

In other news, Senior Officer John Alex Rajala sold 50,000 shares of the company's stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of C$5.22, for a total value of C$261,000.00. Following the completion of the transaction, the insider now owns 129,542 shares in the company, valued at C$676,209.24.