B2Gold (TSE:BTO) Given New C$7.00 Price Target at Eight Capital

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective cut by Eight Capital from C$7.25 to C$7.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group decreased their target price on shares of B2Gold from C$8.00 to C$7.25 and set a buy rating on the stock in a research note on Thursday, January 25th. Stifel Nicolaus lowered their target price on B2Gold from C$6.50 to C$6.00 in a report on Friday. Scotiabank reduced their price target on B2Gold from C$6.50 to C$5.50 and set an outperform rating on the stock in a report on Monday, March 18th. BMO Capital Markets dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an outperform rating for the company in a report on Tuesday, March 19th. Finally, National Bankshares reduced their target price on shares of B2Gold from C$5.50 to C$5.25 and set an outperform rating on the stock in a report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$6.07.

B2Gold Trading Down 3.9 %

Shares of BTO opened at C$3.45 on Monday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$5.74. The firm has a market cap of C$4.49 billion, a price-to-earnings ratio of 345.00, a PEG ratio of -0.27 and a beta of 1.13. The business’s fifty day moving average is C$3.54 and its 200-day moving average is C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The business had revenue of C$697.07 million for the quarter. Equities analysts anticipate that B2Gold will post 0.3116987 EPS for the current fiscal year.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is presently 2,200.00%.

Insider Activity at B2Gold

In related news, Senior Officer Eduard Bartz sold 12,510 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other news, Senior Officer Neil Reeder sold 15,279 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$3.93, for a total value of C$49,164.30. Insiders have sold a total of 205,857 shares of company stock worth $789,779 over the last quarter. Company insiders own 0.83% of the company’s stock.

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.