National Bank Financial Cuts B2Gold (TSE:BTO) Price Target to C$9.75

B2Gold (TSE:BTO) (NYSE:BTG) had its price target decreased by National Bank Financial from C$10.70 to C$9.75 in a research report report published on Tuesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

B2Gold Price Performance

Shares of TSE:BTO opened at C$5.14 on Tuesday. The stock has a market capitalization of C$6.85 billion, a P/E ratio of 13.53, a P/E/G ratio of -0.27 and a beta of 1.73. The business has a 50-day moving average of C$6.08 and a two-hundred day moving average of C$6.52. B2Gold has a fifty-two week low of C$4.56 and a fifty-two week high of C$8.60. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The business had revenue of C$1.61 billion for the quarter. On average, equities research analysts predict that B2Gold will post 0.5596659 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is 21.05%.

Insider Buying and Selling

In related news, insider Randall Chatwin sold 67,857 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$6.33, for a total transaction of C$429,534.81. Following the completion of the sale, the insider directly owned 130,043 shares of the company’s stock, valued at approximately C$823,172.19. This represents a 34.29% decrease in their position. Also, insider William Lytle sold 14,089 shares of the firm’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the completion of the transaction, the insider owned 218,475 shares in the company, valued at C$1,284,633. The trade was a 6.06% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 250,238 shares of company stock valued at $1,564,825. 0.66% of the stock is owned by corporate insiders.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.