Stifel Nicolaus Increases B2Gold (TSE:BTO) Price Target to C$6.50

B2Gold (TSE:BTO - Free Report) NYSE: BTG had its price target upped by Stifel Nicolaus from C$6.00 to C$6.50 in a report issued on Monday, BayStreet.CA reports.

A number of other research firms have also commented on BTO. Canaccord Genuity Group dropped their price objective on shares of 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. Cormark upped their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. BMO Capital Markets reduced their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. 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, Scotiabank downgraded shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$5.93.

B2Gold Stock Down 1.5 %

Shares of TSE BTO traded down C$0.07 during mid-day trading on Monday, reaching C$4.68. The company had a trading volume of 3,209,291 shares, compared to its average volume of 3,426,663. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.84. The stock has a market cap of C$6.13 billion, a P/E ratio of -27.59, a PEG ratio of -0.27 and a beta of 1.23. The firm has a 50 day simple moving average of C$4.05 and a two-hundred day simple moving average of C$3.87.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last posted its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The firm had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. Sell-side analysts predict that B2Gold will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 4.70%. B2Gold's dividend payout ratio is currently -129.41%.

Insider Transactions at B2Gold

In other news, Director Clive Thomas Johnson bought 70,000 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were purchased at an average price of C$4.29 per share, for a total transaction of C$300,300.00. In other B2Gold news, Director Clive Thomas Johnson bought 70,000 shares of B2Gold stock in a transaction that occurred on Friday, October 4th. The shares were purchased at an average cost of C$4.29 per share, for a total transaction of C$300,300.00. Also, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total value of C$66,479.25. Insiders sold a total of 87,449 shares of company stock worth $384,111 over the last ninety days. 0.66% of the stock is currently owned by corporate 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.