B2Gold Corp. (TSE:BTO) Receives Average Recommendation of “Hold” from Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$5.94.

BTO has been the topic of a number of recent analyst reports. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets lowered their price target on B2Gold from C$7.00 to C$6.50 in a research report on Monday.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Gregory Barnes bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of C$4.07 per share, with a total value of C$203,500.00. Also, Senior Officer William Lytle sold 54,062 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. In the last 90 days, insiders have sold 168,420 shares of company stock worth $649,531. Corporate insiders own 0.66% of the company’s stock.

B2Gold Trading Up 1.7 %

Shares of TSE:BTO opened at C$4.16 on Wednesday. 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 12-month low of C$3.16 and a 12-month high of C$4.84. The business has a 50 day moving average of C$3.91 and a two-hundred day moving average of C$3.99. The company has a market capitalization of C$3.85 billion, a PE ratio of -4.79, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, March 7th. B2Gold’s payout ratio is -25.32%.

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.