CIBC Analysts Give B2Gold (TSE:BTO) a C$3.30 Price Target

CIBC set a C$3.30 price target on B2Gold (TSE:BTO - Free Report) NYSE: BTG in a research note released on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently issued reports on BTO. Cormark downgraded shares of B2Gold from a moderate buy rating to a hold rating in a report on Monday. Cibc World Mkts downgraded shares of B2Gold from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. Scotiabank downgraded shares of B2Gold from an outperform rating to a sector perform rating in a report on Friday, August 9th. Canaccord Genuity Group decreased 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 report on Tuesday. Finally, Eight Capital decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, B2Gold currently has an average rating of Moderate Buy and an average price target of C$5.94.

B2Gold Stock Performance

BTO stock traded up C$0.03 during midday trading on Wednesday, hitting C$3.60. 2,799,400 shares of the stock traded hands, compared to its average volume of 3,313,452. The firm has a market cap of C$4.68 billion, a P/E ratio of -60.33, a PEG ratio of -0.27 and a beta of 1.21. 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 stock's fifty day simple moving average is C$3.81 and its 200-day simple moving average is C$3.68. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.74.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 10th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 6.11%. B2Gold's dividend payout ratio is currently -366.67%.

Insider Buying and Selling

In other news, Senior Officer Daniel Bruce Moore sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. In other news, Senior Officer Randall Chatwin sold 12,520 shares of the business's 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 the business's 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. Insiders sold 162,558 shares of company stock worth $628,717 over the last 90 days. 0.70% of the stock is owned by 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.