Analysts Set B2Gold Corp. (TSE:BTO) Target Price at C$6.01

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG has earned an average recommendation of "Hold" from the nine research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$6.01.

A number of equities research analysts recently issued reports on the company. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Cormark raised B2Gold from a "market perform" rating to a "buy" rating and lifted their price target for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. TD Securities downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets reduced their price target on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th.

B2Gold Stock Down 9.0 %

Shares of BTO traded down C$0.41 during trading hours on Wednesday, hitting C$4.13. The stock had a trading volume of 5,717,953 shares, compared to its average volume of 3,751,036. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$4.84. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The firm has a 50 day simple moving average of C$3.87 and a 200-day simple moving average of C$3.98. The firm has a market capitalization of C$3.82 billion, a P/E ratio of -4.75, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

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B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 1.94%. B2Gold's dividend payout ratio (DPR) is presently -25.32%.

Insider Buying and Selling

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$333,009.60. Also, Senior Officer Eduard Bartz sold 27,862 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the transaction, the insider now owns 16 shares of the company's stock, valued at C$62.24. This trade represents a 99.94 % decrease in their position. Over the last 90 days, insiders sold 168,420 shares of company stock worth $649,531. 0.66% of the stock is owned by corporate insiders.

B2Gold Company Profile

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.