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

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

BTO has been the topic of a number of research reports. TD upgraded B2Gold from a “hold” rating to a “buy” rating and raised their price objective for the company from C$6.00 to C$8.50 in a report on Monday, August 10th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$6.50 to C$11.00 in a research report on Monday, August 10th.

Insider Activity

In other news, insider William Lytle sold 177,190 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the completion of the sale, the insider directly owned 41,285 shares in the company, valued at C$295,600.60. This represents a 81.10% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 22,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$5.70, for a total value of C$125,400.00. Following the completion of the sale, the insider directly owned 119,989 shares of the company’s stock, valued at approximately C$683,937.30. This represents a 15.49% decrease in their position. Insiders sold 399,190 shares of company stock worth $2,806,080 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

B2Gold Price Performance

Shares of B2Gold stock opened at C$7.41 on Wednesday. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The business has a 50-day moving average price of C$7.12 and a 200 day moving average price of C$6.48. The firm has a market cap of C$9.87 billion, a PE ratio of 13.23, a P/E/G ratio of -0.27 and a beta of 1.94. B2Gold has a twelve month low of C$5.02 and a twelve month high of C$8.60.

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

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were issued 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 Thursday, September 10th. B2Gold’s payout ratio is currently 14.29%.

About B2Gold

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.