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

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has earned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$5.66.

A number of research analysts have weighed in on the company. Canaccord Genuity Group reduced their price target on B2Gold from C$7.50 to C$7.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Scotiabank cut B2Gold from an "outperform" rating to a "sector perform" rating in a report on Friday, August 9th. Stifel Nicolaus increased their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Finally, BMO Capital Markets dropped their price target on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research report on Monday, September 16th.

Insider Activity at B2Gold

In related news, Senior Officer Ninette Krohnert sold 16,175 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Senior Officer Randall Chatwin sold 10,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. In the last 90 days, insiders have sold 97,755 shares of company stock worth $423,329. 0.66% of the stock is currently owned by corporate insiders.

B2Gold Stock Performance

Shares of BTO opened at C$3.97 on Thursday. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$4.84. The company's 50 day simple moving average is C$4.31 and its 200 day simple moving average is C$3.96. The company has a market capitalization of C$5.20 billion, a price-to-earnings ratio of -23.35, a PEG ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

B2Gold Cuts Dividend

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

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.