BMO Capital Markets Lowers B2Gold (TSE:BTO) Price Target to C$7.00

B2Gold (TSE:BTO - Free Report) NYSE: BTG had its price target lowered by BMO Capital Markets from C$8.50 to C$7.00 in a research note published on Tuesday,BayStreet.CA reports.

BTO has been the subject of a number of other research reports. Cormark lifted their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday. Stifel Nicolaus increased their price target on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Finally, Cibc World Mkts lowered B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$5.79.

B2Gold Stock Down 0.3 %

Shares of BTO stock traded down C$0.01 on Tuesday, hitting C$3.60. The stock had a trading volume of 5,729,107 shares, compared to its average volume of 2,417,082. The stock's 50 day moving average is C$3.81 and its 200-day moving average is C$3.98. The firm has a market capitalization of C$4.72 billion, a price-to-earnings ratio of -21.18, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 52-week low of C$3.18 and a 52-week 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.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were given a dividend of $0.054 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 6.00%. B2Gold's payout ratio is presently -129.41%.

Insider Buying and Selling

In other news, Senior Officer Randall Chatwin purchased 10,153 shares of B2Gold stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is currently 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.