B2Gold (TSE:BTO) Price Target Increased to C$6.50 by Analysts at Stifel Nicolaus

B2Gold (TSE:BTO) (NYSE:BTG) had its price target raised by Stifel Nicolaus from C$6.00 to C$6.50 in a research note released on Monday, BayStreet.CA reports.

BTO has been the topic of a number of other research reports. BMO Capital Markets decreased their target price on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Canaccord Genuity Group lowered their price objective on 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. 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. Cormark boosted their price objective on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Finally, Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.93.

B2Gold Stock Performance

TSE BTO opened at C$4.74 on Monday. The company’s 50 day moving average is C$4.11 and its 200-day moving average is C$3.89. The firm has a market cap of C$6.21 billion, a P/E ratio of -27.88, 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 2.93 and a debt-to-equity ratio of 1.05. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. The firm had revenue of C$673.95 million during the quarter. Sell-side analysts predict that B2Gold will post 0.5596659 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were paid a dividend of $0.055 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 4.64%. B2Gold’s dividend payout ratio (DPR) is presently -129.41%.

Insider Transactions at B2Gold

In related news, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. In other news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. Also, Senior Officer Randall Chatwin sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Over the last three months, insiders have sold 87,449 shares of company stock valued at $384,111. Corporate 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.