B2Gold (TSE:BTO) PT Lowered to C$7.00

B2Gold (TSE:BTO - Free Report) NYSE: BTG had its target price lowered by Canaccord Genuity Group from C$7.50 to C$7.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on BTO. Cibc World Mkts downgraded shares of B2Gold from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. Stifel Nicolaus lowered their price target on shares of B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Eight Capital lowered their price target on shares of B2Gold from C$7.25 to C$7.00 and set a buy rating on the stock in a report on Monday, April 22nd. Scotiabank downgraded shares of B2Gold from an outperform rating to a sector perform rating in a report on Friday. Finally, Cormark increased their price target on shares of B2Gold from C$5.00 to C$5.50 in a report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$5.95.

B2Gold Stock Performance

TSE:BTO traded up C$0.02 on Tuesday, reaching C$3.57. 2,492,643 shares of the company's stock were exchanged, compared to its average volume of 3,316,742. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.99 and a quick ratio of 3.33. The firm has a market cap of C$4.64 billion, a price-to-earnings ratio of -59.67, a P/E/G ratio of -0.27 and a beta of 1.21. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.74. The stock has a fifty day simple moving average of C$3.81 and a 200-day simple moving average of C$3.68.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Tuesday, September 10th. B2Gold's dividend payout ratio (DPR) is presently -366.67%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of B2Gold stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of B2Gold stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Also, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of C$3.88, for a total transaction of C$582,000.00. Over the last ninety days, insiders have sold 162,558 shares of company stock valued at $628,717. 0.70% 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.