B2Gold (TSE:BTO) Downgraded to Hold at Cibc World Mkts

Cibc World Mkts cut shares of B2Gold (TSE:BTO) (NYSE:BTG) from a strong-buy rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

BTO has been the subject of a number of other reports. BMO Capital Markets cut their price objective on B2Gold from C$6.50 to C$6.00 and set an outperform rating for the company in a research report on Tuesday, March 19th. Eight Capital dropped their price target on shares of B2Gold from C$7.25 to C$7.00 and set a buy rating for the company in a research report on Monday, April 22nd. Stifel Nicolaus decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Cormark lifted their target price on shares of B2Gold from C$5.00 to C$5.50 in a report on Thursday, June 20th. Finally, Scotiabank cut their target price on B2Gold from C$5.50 to C$5.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of C$5.95.

B2Gold Stock Performance

B2Gold stock opened at C$4.15 on Wednesday. The firm has a 50 day simple moving average of C$3.74 and a 200-day simple moving average of C$3.70. The stock has a market cap of C$5.40 billion, a price-to-earnings ratio of -83.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.99 and a quick ratio of 3.33. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$5.05.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.01. B2Gold had a negative return on equity of 0.33% and a negative net margin of 1.88%. The company had revenue of C$622.09 million during the quarter. On average, analysts expect that B2Gold will post 0.3689788 EPS for the current year.

B2Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 24th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Tuesday, June 11th. This is a positive change from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s dividend payout ratio is -440.00%.

Insider Transactions at B2Gold

In other news, Senior Officer Randall Chatwin sold 12,520 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. In other B2Gold news, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of C$3.88, for a total value of C$582,000.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. In the last ninety days, insiders sold 162,575 shares of company stock valued at $628,781. 0.62% of the stock is currently owned by corporate insiders.

B2Gold Company Profile

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.