B2Gold (TSE:BTO) Trading 3% Higher

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price rose 3% during mid-day trading on Wednesday . The company traded as high as C$3.78 and last traded at C$3.77. Approximately 646,034 shares were traded during trading, a decline of 82% from the average daily volume of 3,636,363 shares. The stock had previously closed at C$3.66.

Wall Street Analyst Weigh In

BTO has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price target on B2Gold from C$7.00 to C$6.50 and set a “buy” rating on the stock in a report on Friday, January 26th. BMO Capital Markets reduced their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Scotiabank reduced their price target on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a report on Monday, March 18th. National Bankshares cut their price objective on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, Canaccord Genuity Group cut their price objective on B2Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, B2Gold currently has a consensus rating of “Buy” and a consensus price target of C$6.02.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. The business has a 50-day moving average price of C$3.54 and a 200 day moving average price of C$3.96. The stock has a market capitalization of C$4.93 billion, a P/E ratio of 366.00, a PEG ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The company had revenue of C$697.07 million during the quarter. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.3116987 EPS for the current fiscal year.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a $0.054 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.70%. B2Gold’s dividend payout ratio is currently 2,200.00%.

Insider Activity at B2Gold

In related news, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. In related news, Director Clive Thomas Johnson sold 91,552 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. In the last three months, insiders have sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is owned by corporate insiders.

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.