B2Gold Corp. (TSE:BTO) Stock Has Consensus Target Price of C$9.33 According to Analysts

by · The Markets Daily

B2Gold Corp. (TSE:BTO – Get Free Report) (NYSE:BTG) has earned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$9.33.

A number of brokerages recently weighed in on BTO. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Scotia upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 target price for the company in a report on Monday, August 10th. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report 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 company from C$6.50 to C$11.00 in a report on Monday, August 10th.

View Our Latest Stock Analysis on BTO

Insiders Place Their Bets

In other B2Gold news, Director Jerry Korpan sold 200,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 2,280,000 shares of the company’s stock, valued at C$16,096,800. The trade was a 8.06% decrease in their position. Also, insider William Lytle sold 177,190 shares of the stock in a transaction on Monday, August 10th. The shares were 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 owned 41,285 shares of the company’s stock, valued at C$295,600.60. The trade was a 81.10% decrease in their position. In the last three months, insiders have sold 399,190 shares of company stock worth $2,806,080. Corporate insiders own 0.66% of the company’s stock.

B2Gold Price Performance

Shares of TSE:BTO opened at C$7.41 on Wednesday. The company has a market capitalization of C$9.87 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of -0.27 and a beta of 1.94. The company has a debt-to-equity ratio of 11.48, a quick ratio of 3.33 and a current ratio of 1.58. The stock has a fifty day moving average of C$7.12 and a 200-day moving average of C$6.48. B2Gold has a one year low of C$5.02 and a one year high of C$8.60.

B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$1.12 billion for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. As a group, equities analysts anticipate that B2Gold will post 0.5596659 EPS for the current fiscal year.

B2Gold Dividend Announcement

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

B2Gold Company Profile

(Get Free Report)

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.

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