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

Shares of B2Gold Corp. (TSE:BTOGet Rating) (NYSE:BTG) have received a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$7.80.

Several research analysts have issued reports on BTO shares. BMO Capital Markets reiterated a “buy” rating and set a C$7.00 target price on shares of B2Gold in a report on Thursday, February 24th. TD Securities lowered their price target on shares of B2Gold from C$9.50 to C$9.00 in a report on Wednesday, January 26th. Scotiabank raised their price target on shares of B2Gold from C$8.00 to C$8.25 in a report on Tuesday, April 19th. National Bankshares raised their price target on shares of B2Gold from C$7.75 to C$8.50 in a report on Wednesday, April 20th. Finally, Canaccord Genuity Group raised their price target on shares of B2Gold from C$8.00 to C$9.00 in a report on Friday, April 22nd.

In other news, Senior Officer Dennis Stansbury sold 40,705 shares of B2Gold stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of C$5.71, for a total transaction of C$232,425.55. Following the completion of the transaction, the insider now directly owns 3,180,196 shares of the company’s stock, valued at approximately C$18,158,919.16. Also, Senior Officer Dale Alton Craig sold 100,000 shares of B2Gold stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of C$6.03, for a total transaction of C$603,000.00. Following the transaction, the insider now directly owns 206,247 shares of the company’s stock, valued at C$1,243,669.41. Insiders have sold a total of 493,660 shares of company stock valued at $2,865,624 over the last three months.

BTO stock traded down C$0.01 during trading on Friday, hitting C$5.57. The company had a trading volume of 383,725 shares, compared to its average volume of 3,770,297. The company has a quick ratio of 3.19, a current ratio of 4.53 and a debt-to-equity ratio of 2.54. B2Gold has a 52-week low of C$4.21 and a 52-week high of C$6.47. The company has a 50 day simple moving average of C$5.70 and a 200-day simple moving average of C$5.23. The firm has a market capitalization of C$5.89 billion and a P/E ratio of 10.89.

B2Gold (TSE:BTOGet Rating) (NYSE:BTG) last issued its earnings results on Tuesday, February 22nd. The company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.02). The business had revenue of C$663.29 million for the quarter, compared to the consensus estimate of C$657.84 million. Sell-side analysts forecast that B2Gold will post 0.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Thursday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Tuesday, March 8th. B2Gold’s dividend payout ratio is presently 31.50%.

B2Gold Company Profile (Get Rating)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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Analyst Recommendations for B2Gold (TSE:BTO)

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