B2Gold (TSE:BTO) Price Target Lowered to C$6.50 at BMO Capital Markets

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective lowered by BMO Capital Markets from C$7.00 to C$6.50 in a research report released on Monday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the company. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and lifted their price target for the company from C$4.50 to C$6.25 in a research report on Friday, February 21st. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, B2Gold currently has an average rating of “Hold” and a consensus price target of C$5.94.

B2Gold Stock Performance

Shares of TSE BTO opened at C$4.09 on Monday. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.84. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market cap of C$3.78 billion, a PE ratio of -4.71, a P/E/G ratio of -0.27 and a beta of 1.23. The stock has a 50 day simple moving average of C$3.90 and a 200-day simple moving average of C$3.99.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is presently -25.32%.

Insiders Place Their Bets

In related news, Senior Officer William Lytle sold 54,062 shares of B2Gold stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. Also, Director Clive Thomas Johnson sold 86,496 shares of the stock in a transaction 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. Insiders sold a total of 168,420 shares of company stock worth $649,531 in the last quarter. 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.