B2Gold Corp. (TSE:BTO) Given Average Recommendation of “Hold” by Analysts

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.79.

A number of equities analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Stifel Nicolaus raised their target price on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th.

B2Gold Price Performance

Shares of TSE:BTO opened at C$3.52 on Tuesday. The company has a market cap of C$4.61 billion, a P/E ratio of -20.71, a P/E/G ratio of -0.27 and a beta of 1.23. The business has a fifty day simple moving average of C$3.66 and a 200-day simple moving average of C$3.96. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$4.84. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities research analysts forecast that B2Gold will post 0.5596659 EPS for the current year.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were issued a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio is presently -129.41%.

Insider Buying and Selling

In related news, Senior Officer Randall Chatwin bought 10,153 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is owned by company 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.