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

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

BTO has been the topic of several analyst reports. Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and upped their price target for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. BMO Capital Markets decreased their price target on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Finally, TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th.

Insiders Place Their Bets

In related news, Senior Officer Eduard Bartz sold 27,862 shares of B2Gold stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the transaction, the insider now directly owns 16 shares of the company’s stock, valued at C$62.24. This trade represents a 99.94 % decrease in their ownership of the stock. Also, Director Gregory Barnes acquired 50,000 shares of B2Gold stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of C$4.07 per share, with a total value of C$203,500.00. In the last ninety days, insiders sold 168,420 shares of company stock worth $649,531. 0.66% of the stock is currently owned by company insiders.

B2Gold Trading Up 0.9 %

BTO stock opened at C$4.51 on Wednesday. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$4.84. The stock has a market capitalization of C$4.17 billion, a price-to-earnings ratio of -5.19, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The firm’s fifty day simple moving average is C$3.83 and its two-hundred day simple moving average is C$3.97.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 1.77%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

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.