B2Gold Corp. (TSE:BTO) Stock Has Average Target Price of C$9.33

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

A number of research firms have weighed in on BTO. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$6.50 to C$11.00 in a research report on Monday, August 10th. Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 target price on the stock in a report on Monday, August 10th. Finally, National Bank Financial lowered their price target on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a research report on Tuesday, July 14th.

B2Gold Stock Performance

TSE BTO opened at C$7.39 on Wednesday. The business’s 50-day moving average price is C$7.20 and its 200 day moving average price is C$6.49. 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 twelve month low of C$5.02 and a twelve month high of C$8.60. The company has a market capitalization of C$9.76 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of -0.27 and a beta of 1.86.

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

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 10th. B2Gold’s payout ratio is currently 14.29%.

Insider Transactions at B2Gold

In related news, insider William Lytle sold 177,190 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$7.16, for a total transaction of C$1,268,680.40. Following the completion of the sale, the insider owned 41,285 shares of the company’s stock, valued at approximately C$295,600.60. This represents a 81.10% decrease in their position. Also, Director Jerry Korpan sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the completion of the transaction, the director owned 2,280,000 shares in the company, valued at C$16,096,800. The trade was a 8.06% decrease in their position. 0.66% of the stock is currently owned by insiders.

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.