B2Gold (TSE:BTO) Upgraded at TD

TD upgraded shares of B2Gold (TSE:BTO) (NYSE:BTG) from a hold rating to a buy rating in a report released on Monday,BayStreet.CA reports. They currently have C$8.50 price target on the stock, up from their previous price target of C$6.00.

Separately, National Bank Financial reduced their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$9.33.

B2Gold Stock Performance

TSE BTO opened at C$7.25 on Monday. The company’s 50 day simple moving average is C$5.72 and its two-hundred day simple moving average is C$6.43. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33. B2Gold has a 1 year low of C$5.02 and a 1 year high of C$8.60. The stock has a market capitalization of C$9.58 billion, a PE ratio of 12.95, a P/E/G ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. The firm 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%. 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 Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold’s payout ratio is presently 14.29%.

Insiders Place Their Bets

In other news, insider Randall Chatwin sold 67,857 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$6.33, for a total value of C$429,534.81. Following the transaction, the insider owned 130,043 shares of the company’s stock, valued at C$823,172.19. This represents a 34.29% decrease in their position. Also, insider William Lytle sold 177,190 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total transaction of C$1,268,680.40. Following the completion of the transaction, the insider directly owned 41,285 shares in the company, valued at C$295,600.60. The trade was a 81.10% decrease in their position. Over the last quarter, insiders have sold 404,442 shares of company stock worth $2,670,056. 0.66% of the stock is owned by corporate insiders.

More B2Gold News

Here are the key news stories impacting B2Gold this week:

• Positive Sentiment: Multiple broker upgrades: CIBC raised B2Gold from “hold” to “strong buy,” while TD Securities made the same upgrade. Scotiabank also upgraded the shares from “hold” to “strong buy” and raised its rating to “sector outperform.” CIBC upgrade Scotiabank upgrade TD upgrade
• Positive Sentiment: Broader analyst support: ATB Cormark also raised its rating on B2Gold, adding to the increasingly bullish analyst view and potentially encouraging additional buying from investors. ATB Cormark upgrade
• Neutral Sentiment: The ratings changes represent a shift in analyst sentiment but do not include a new production, earnings, or corporate announcement. Investors may therefore continue to focus on gold prices and B2Gold’s operating results to validate the upgrades. Canadian analyst updates
• Negative Sentiment: Insider selling: Director William Lytle sold 177,190 shares for approximately C$1.27 million, reducing his direct holdings by 81.1% to 41,285 shares. The transaction could temper bullish sentiment, although insider sales can reflect personal financial planning rather than a view on the company’s outlook.

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.