B2Gold Corp. (TSE:BTO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$5.79.

BTO has been the topic of a number of recent research reports. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. Cormark boosted their target price on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. BMO Capital Markets lowered their target price on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus boosted their target price on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st.

B2Gold Stock Down 2.3 %

Shares of TSE BTO opened at C$3.43 on Friday. The firm has a market cap of C$4.49 billion, a price-to-earnings ratio of -20.18, a PEG ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.84. The business’s 50 day moving average is C$3.77 and its two-hundred day moving average is C$3.97.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.30%. B2Gold’s dividend payout ratio (DPR) is -129.41%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Insiders own 0.66% of the company’s stock.

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.