B2Gold Corp. (TSE:BTO) Receives Average Recommendation of “Moderate Buy” from Brokerages

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$5.66.

A number of research firms have weighed in on BTO. BMO Capital Markets cut their price target on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Stifel Nicolaus increased their target price on B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Cormark boosted their price target on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Finally, Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th.

B2Gold Stock Performance

Shares of BTO opened at C$3.77 on Friday. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$4.84. The company’s 50 day simple moving average is C$3.89 and its 200 day simple moving average is C$3.97. The company has a market capitalization of C$4.94 billion, a price-to-earnings ratio of -22.18, a PEG ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were given a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -129.41%.

Insider Buying and Selling

In other news, Senior Officer Randall Chatwin acquired 10,153 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Corporate insiders own 0.66% of the company’s stock.

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.