Stifel Nicolaus Issues Positive Forecast for B2Gold (TSE:BTO) Stock Price

B2Gold (TSE:BTO) (NYSE:BTG) had its price target raised by Stifel Nicolaus from C$7.50 to C$11.50 in a research report report published on Monday,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on BTO. Bank of America raised their price target on B2Gold from C$5.35 to C$6.25 in a report on Thursday, October 16th. Raymond James Financial raised B2Gold to a “moderate buy” rating in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$7.63.

B2Gold Price Performance

Shares of B2Gold stock opened at C$7.97 on Monday. B2Gold has a one year low of C$3.16 and a one year high of C$8.35. The stock’s fifty day moving average is C$6.33 and its 200 day moving average is C$5.23. The stock has a market cap of C$10.54 billion, a P/E ratio of -22.77, a P/E/G ratio of -0.27 and a beta of 0.82. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, September 10th. B2Gold’s payout ratio is -34.29%.

Insider Buying and Selling at B2Gold

In other B2Gold news, insider William Lytle sold 817,121 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$7.33, for a total transaction of C$5,989,496.93. Following the completion of the transaction, the insider owned 38,975 shares in the company, valued at C$285,686.75. The trade was a 95.45% decrease in their ownership of the stock. Also, insider John Alex Rajala sold 142,857 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$7.50, for a total value of C$1,071,427.50. Following the transaction, the insider owned 238,342 shares of the company’s stock, valued at C$1,787,565. This trade represents a 37.48% decrease in their position. Over the last ninety days, insiders have sold 1,305,095 shares of company stock valued at $9,529,870. 0.66% of the stock is owned by company insiders.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.