B2Gold Corp. (TSE:BTO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$5.66.

Several equities analysts have weighed in on the company. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Cormark boosted their target price on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. BMO Capital Markets cut their price target on 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. Finally, Stifel Nicolaus boosted their price target on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st.

B2Gold Stock Down 1.8 %

BTO stock opened at C$3.75 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The firm has a market capitalization of C$4.91 billion, a P/E ratio of -22.06, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.84. The company’s 50 day simple moving average is C$4.19 and its 200-day simple moving average is C$3.99.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were paid a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is -129.41%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of B2Gold stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Senior Officer Ninette Krohnert sold 16,175 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. Insiders sold 87,755 shares of company stock valued at $378,029 over the last 90 days. 0.66% of the stock is currently owned by company 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.