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

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$5.94.

A number of equities analysts have recently issued reports on BTO shares. Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, BMO Capital Markets lowered their target price on B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st.

Insider Buying and Selling at B2Gold

In related news, Senior Officer Eduard Bartz sold 13,161 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total value of C$49,880.19. Following the completion of the transaction, the insider now directly owns 16 shares in the company, valued at approximately C$60.64. This represents a 99.88 % decrease in their ownership of the stock. Also, Director Jerry Korpan sold 120,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of C$4.63, for a total value of C$555,600.00. In the last ninety days, insiders have sold 535,145 shares of company stock worth $2,191,177. Corporate insiders own 0.66% of the company’s stock.

B2Gold Trading Down 1.3 %

TSE:BTO opened at C$4.59 on Friday. B2Gold has a 1 year low of C$3.16 and a 1 year high of C$4.88. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The stock has a fifty day moving average price of C$4.13 and a two-hundred day moving average price of C$3.99. The stock has a market capitalization of C$4.24 billion, a price-to-earnings ratio of -5.28, a PEG 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, March 20th. Investors of record on Thursday, March 20th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -25.32%.

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.