B2Gold (TSE:BTO) PT Raised to C$7.25

B2Gold (TSE:BTO) (NYSE:BTG) had its target price increased by Canaccord Genuity Group from C$7.00 to C$7.25 in a report published on Tuesday, BayStreet.CA reports.

A number of other research analysts have also weighed in on the stock. Eight Capital decreased their target price on shares of B2Gold from C$7.25 to C$7.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Cormark raised their target price on shares of B2Gold from C$5.00 to C$5.50 in a research note on Thursday, June 20th. Cibc World Mkts lowered shares of B2Gold from a strong-buy rating to a hold rating in a research note on Wednesday, July 10th. Scotiabank decreased their target price on shares of B2Gold from C$5.50 to C$5.00 in a research note on Thursday, May 9th. Finally, Stifel Nicolaus decreased their target price on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of C$5.97.

B2Gold Trading Down 1.2 %

Shares of B2Gold stock opened at C$3.99 on Tuesday. The firm has a market capitalization of C$5.19 billion, a PE ratio of -79.80, a P/E/G ratio of -0.27 and a beta of 1.15. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$4.83. The firm’s 50-day moving average price is C$3.81 and its 200 day moving average price is C$3.69. The company has a current ratio of 2.99, a quick ratio of 3.33 and a debt-to-equity ratio of 1.15.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.01. The firm had revenue of C$622.09 million for the quarter. B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%. On average, sell-side analysts predict that B2Gold will post 0.3689788 EPS for the current fiscal year.

B2Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 24th were issued a dividend of $0.055 per share. The ex-dividend date was Tuesday, June 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.51%. This is an increase from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s dividend payout ratio (DPR) is currently -440.00%.

Insider Transactions at B2Gold

In other news, Senior Officer Daniel Bruce Moore sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. In related news, Senior Officer Randall Chatwin sold 12,520 shares of B2Gold stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. Also, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. Insiders sold 162,575 shares of company stock worth $628,781 in the last 90 days. Insiders own 0.62% of the company’s stock.

B2Gold Company Profile

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.