B2Gold (TSE:BTO) Price Target Cut to C$6.00 by Analysts at BMO Capital Markets

B2Gold (TSE:BTO) (NYSE:BTG) had its target price lowered by BMO Capital Markets from C$6.50 to C$6.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently issued reports on BTO. Cibc World Mkts upgraded B2Gold from a hold rating to a strong-buy rating in a research note on Wednesday, August 14th. CIBC set a C$3.30 target price on B2Gold and gave the stock an outperform rating in a research report on Wednesday, August 14th. Cormark lowered shares of B2Gold from a moderate buy rating to a hold rating in a research report on Monday, August 12th. Canaccord Genuity Group reduced their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a buy rating for the company in a research note on Tuesday, August 13th. Finally, Scotiabank lowered shares of B2Gold from an outperform rating to a sector perform rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of C$5.94.

B2Gold Price Performance

TSE BTO opened at C$4.44 on Monday. The company has a 50 day moving average price of C$3.92 and a two-hundred day moving average price of C$3.74. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.74. The stock has a market capitalization of C$5.82 billion, a PE ratio of -27.75, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. As a group, equities analysts predict that B2Gold will post 0.6237337 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is presently -137.50%.

Insider Transactions at B2Gold

In related news, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. Insiders own 0.70% of the company’s stock.

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.