B2Gold Corp. (TSE:BTO) Given Consensus Rating of “Buy” by Analysts

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$9.33.

A number of analysts recently commented on BTO shares. Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective for the company in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. TD raised shares of B2Gold from a “hold” rating to a “buy” rating and upped their price target for the company from C$6.00 to C$8.50 in a research report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Finally, TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th.

B2Gold Trading Up 1.4%

Shares of BTO stock opened at C$7.21 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48. B2Gold has a 12-month low of C$5.02 and a 12-month high of C$8.60. The stock has a market capitalization of C$9.61 billion, a P/E ratio of 12.87, a P/E/G ratio of -0.27 and a beta of 1.74. The firm’s 50 day moving average is C$5.79 and its 200 day moving average is C$6.43.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$1.12 billion during the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. Research analysts expect that B2Gold will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is currently 14.29%.

Insider Activity

In related news, insider Neil Reeder sold 8,482 shares of B2Gold stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$49,874.16. Following the transaction, the insider directly owned 10,067 shares in the company, valued at approximately C$59,193.96. The trade was a 45.73% decrease in their ownership of the stock. Also, Director Jerry Korpan sold 200,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the sale, the director directly owned 2,280,000 shares of the company’s stock, valued at C$16,096,800. This represents a 8.06% decrease in their position. Over the last 90 days, insiders have sold 604,442 shares of company stock worth $4,082,056. Company insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.