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

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

BTO has been the subject of a number of recent analyst reports. Cormark increased their target price on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Stifel Nicolaus increased their target price on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Canaccord Genuity Group decreased their target price on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, CIBC set a C$3.30 price target on shares of B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th.

B2Gold Stock Performance

Shares of BTO opened at C$4.04 on Thursday. The firm has a 50-day moving average price of C$4.32 and a 200 day moving average price of C$3.98. The firm has a market capitalization of C$5.29 billion, a PE ratio of -23.41, a P/E/G ratio of -0.27 and a beta of 1.23. 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 has a 52-week low of C$3.18 and a 52-week high of C$4.84.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio is presently -129.41%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. Also, Director Clive Thomas Johnson acquired 70,000 shares of B2Gold stock in a transaction on Friday, October 4th. The shares were purchased at an average cost of C$4.29 per share, with a total value of C$300,300.00. Over the last ninety days, insiders sold 97,755 shares of company stock valued at $423,329. 0.66% of the stock is currently owned by corporate 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.