BMO Capital Markets Has Lowered Expectations for B2Gold (TSE:BTO) Stock Price

B2Gold (TSE:BTO - Free Report) NYSE: BTG had its target price cut by BMO Capital Markets from C$7.00 to C$6.50 in a research report sent to investors on Monday,BayStreet.CA reports.

Several other equities research analysts also recently commented on the stock. TD Securities downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. 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 report on Friday, February 21st. Finally, Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, B2Gold presently has a consensus rating of "Hold" and an average price target of C$5.94.

B2Gold Stock Down 8.3 %

TSE BTO traded down C$0.34 during trading on Monday, hitting C$3.78. The company's stock had a trading volume of 5,361,374 shares, compared to its average volume of 3,818,185. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84. The company has a market cap of C$3.49 billion, a PE ratio of -4.35, a P/E/G ratio of -0.27 and a beta of 1.23. 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 business's 50 day simple moving average is C$3.94 and its 200-day simple moving average is C$4.00.

Remove Ads

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.12%. B2Gold's payout ratio is -25.32%.

Insider Activity at B2Gold

In other news, Director Clive Thomas Johnson sold 86,496 shares of the company'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 Randall Chatwin sold 30,150 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of C$4.17, for a total value of C$125,725.50. Insiders sold a total of 302,519 shares of company stock worth $1,208,724 in the last three months. Company insiders own 0.66% of the company's stock.

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.