B2Gold (TSE:BTO) PT Raised to C$7.50 at Canaccord Genuity Group

B2Gold (TSE:BTO) (NYSE:BTG) had its target price increased by Canaccord Genuity Group from C$7.25 to C$7.50 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. National Bankshares lowered their price target on B2Gold from C$5.50 to C$5.25 and set an outperform rating on the stock in a report on Tuesday, February 27th. Scotiabank decreased their target price on B2Gold from C$6.50 to C$5.50 and set an outperform rating for the company in a report on Monday, March 18th. BMO Capital Markets cut their price target on shares of B2Gold from C$6.50 to C$6.00 and set an outperform rating on the stock in a report on Tuesday, March 19th. Stifel Nicolaus decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Finally, Eight Capital reduced their target price on shares of B2Gold from C$7.25 to C$7.00 and set a buy rating on the stock in a report on Monday. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average price target of C$6.10.

B2Gold Trading Up 1.4 %

TSE BTO opened at C$3.50 on Tuesday. The company has a fifty day simple moving average of C$3.54 and a two-hundred day simple moving average of C$3.94. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The stock has a market cap of C$4.55 billion, a P/E ratio of 350.00, a P/E/G ratio of -0.27 and a beta of 1.13. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$5.74.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The business had revenue of C$697.07 million during the quarter. On average, analysts forecast that B2Gold will post 0.3116987 earnings per share for the current year.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.054 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 annualized dividend and a yield of 6.17%. B2Gold’s payout ratio is 2,200.00%.

Insiders Place Their Bets

In other news, Director Clive Thomas Johnson sold 91,552 shares of B2Gold stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$343,320.00. In other news, Director Clive Thomas Johnson sold 91,552 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$343,320.00. Also, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Over the last three months, insiders have sold 205,857 shares of company stock valued at $789,779. Company insiders own 0.83% 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.