B2Gold Corp. (TSE:BTO) Given Consensus Recommendation of “Buy” by Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$6.10.

Several research firms recently issued reports on BTO. Scotiabank cut their target price on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research report on Monday, March 18th. CIBC reduced their price objective on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. National Bankshares dropped their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a report on Tuesday, February 27th. BMO Capital Markets reduced 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 research report on Tuesday, March 19th. Finally, Stifel Nicolaus reduced their target price on shares of B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th.

Insider Transactions at B2Gold

In other news, Director Clive Thomas Johnson sold 91,552 shares of B2Gold stock in a transaction 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. In other news, Senior Officer Eduard Bartz sold 12,510 shares of B2Gold stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. Also, 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 value of C$343,320.00. Over the last three months, insiders have sold 205,857 shares of company stock worth $789,779. 0.83% of the stock is currently owned by company insiders.

B2Gold Stock Performance

Shares of TSE BTO opened at C$3.40 on Friday. The stock has a market cap of C$4.42 billion, a PE ratio of 340.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$5.74. The firm has a fifty day moving average price of C$3.56 and a 200-day moving average price of C$3.90. The company has a debt-to-equity ratio of 4.91, a current ratio of 2.27 and a quick ratio of 3.33.

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

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.35%. B2Gold’s dividend payout ratio is 2,200.00%.

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.