Analysts Set B2Gold Corp. (TSE:BTO) Price Target at C$5.66

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has received an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$5.66.

BTO has been the subject of a number of analyst reports. CIBC set a C$3.30 price target on B2Gold and gave the company an "outperform" rating in a research note on Wednesday, August 14th. Cibc World Mkts downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Cormark raised their price objective on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Canaccord Genuity Group reduced their target price on shares of B2Gold from C$7.50 to C$7.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Finally, Scotiabank lowered shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research report on Friday, August 9th.

B2Gold Price Performance

Shares of TSE:BTO remained flat at C$3.97 during trading on Thursday. The stock had a trading volume of 1,671,439 shares, compared to its average volume of 3,412,582. The stock has a fifty day moving average price of C$4.31 and a two-hundred day moving average price of C$3.96. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93. The stock has a market capitalization of C$5.20 billion, a price-to-earnings ratio of -23.35, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold's dividend payout ratio is presently -129.41%.

Insider Buying and Selling at B2Gold

In related news, Senior Officer Randall Chatwin sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total value of C$45,300.00. Also, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the business's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total transaction of C$250,982.04. Over the last quarter, insiders have sold 97,755 shares of company stock worth $423,329. 0.66% of the stock is currently owned by company insiders.

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.