B2Gold (TSE:BTO) Upgraded at Cormark

Cormark upgraded shares of B2Gold (TSE:BTO) (NYSE:BTG) from a market perform rating to a buy rating in a research report released on Friday,BayStreet.CA reports. They currently have C$6.25 price target on the stock, up from their previous price target of C$4.50.

A number of other equities research analysts have also recently weighed in on BTO. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets reduced their price objective on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$5.91.

B2Gold Price Performance

Shares of TSE BTO opened at C$4.00 on Friday. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$4.84. The stock has a 50 day moving average of C$3.59 and a two-hundred day moving average of C$3.92. The stock has a market cap of C$3.70 billion, a P/E ratio of -4.60, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The business also recently declared 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. This represents a $0.22 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of C$3.51 per share, with a total value of C$35,637.03. Company 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.