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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$5.66.

Several research firms have commented on BTO. Cormark upped their price objective on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Stifel Nicolaus lifted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Finally, BMO Capital Markets dropped their price objective 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.

B2Gold Trading Up 1.1 %

TSE BTO opened at C$3.57 on Monday. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The firm has a market cap of C$4.68 billion, a PE ratio of -21.00, a P/E/G ratio of -0.27 and a beta of 1.23. The firm’s fifty day moving average is C$4.14 and its two-hundred day moving average is C$3.98. 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 business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were issued a $0.054 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 6.05%. B2Gold’s dividend payout ratio (DPR) is presently -129.41%.

Insider Activity

In related news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total value of C$250,982.04. In the last three months, insiders purchased 70,138 shares of company stock worth $300,723 and sold 87,755 shares worth $378,029. 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.