B2Gold Corp. (TSE:BTO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$6.01.

Several brokerages have weighed in on BTO. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and boosted their price target for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. BMO Capital Markets cut their price target on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Bank of America downgraded 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 research note on Tuesday, February 4th.

B2Gold Trading Up 0.5 %

Shares of BTO opened at C$3.87 on Friday. The stock has a fifty day moving average of C$3.63 and a two-hundred day moving average of C$3.91. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The company has a market capitalization of C$3.58 billion, a PE ratio of -4.45, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.07%. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Insider Buying and Selling

In other B2Gold news, Senior Officer Randall Chatwin purchased 10,153 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of C$3.51 per share, with a total value of C$35,637.03. Also, Director Gregory Barnes purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of C$4.07 per share, with a total value of C$203,500.00. In the last three months, insiders acquired 60,190 shares of company stock valued at $239,275. Company 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.