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

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

A number of brokerages have issued reports on BTO. Stifel Nicolaus increased their target price on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. BMO Capital Markets dropped their price objective on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Cormark raised their price target on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Finally, Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday.

B2Gold Stock Performance

Shares of BTO opened at C$3.60 on Friday. 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 company has a 50-day simple moving average of C$3.81 and a 200-day simple moving average of C$3.98. The company has a market capitalization of C$4.72 billion, a PE ratio of -21.18, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were paid a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 6.00%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is -129.41%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin purchased 10,153 shares of B2Gold stock in a transaction on Thursday, December 19th. The shares were bought at an average price of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is owned by 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.