B2Gold (TSE:BTO) PT Lowered to C$7.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price decreased by Eight Capital from C$7.25 to C$7.00 in a report issued on Monday morning, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

Several other research firms have also issued reports on BTO. Scotiabank dropped their price objective on B2Gold from C$6.50 to C$5.50 and set an outperform rating for the company in a research note on Monday, March 18th. BMO Capital Markets dropped their price objective on B2Gold from C$6.50 to C$6.00 and set an outperform rating for the company in a research note on Tuesday, March 19th. Stifel Nicolaus dropped their price objective on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. National Bankshares dropped their price objective on B2Gold from C$5.50 to C$5.25 and set an outperform rating for the company in a research note on Tuesday, February 27th. Finally, Canaccord Genuity Group dropped their price objective on B2Gold from C$8.00 to C$7.25 and set a buy rating for the company in a research note on Thursday, January 25th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, B2Gold has an average rating of Buy and a consensus price target of C$6.10.

B2Gold Price Performance

B2Gold stock opened at C$3.52 on Monday. B2Gold has a one year low of C$3.18 and a one year high of C$5.74. The business has a fifty day moving average price of C$3.55 and a 200-day moving average price of C$3.94. The company has a debt-to-equity ratio of 4.91, a current ratio of 2.27 and a quick ratio of 3.33. The firm has a market capitalization of C$4.58 billion, a P/E ratio of 352.00, a PEG ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The company had revenue of C$697.07 million during the quarter. As a group, equities research analysts forecast that B2Gold will post 0.3116987 EPS for the current year.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were issued a $0.054 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 annualized dividend and a dividend yield of 6.14%. B2Gold’s dividend payout ratio is currently 2,200.00%.

Insider Transactions at B2Gold

In other news, Senior Officer Neil Reeder sold 15,279 shares of B2Gold stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. In other news, Senior Officer Neil Reeder sold 15,279 shares of B2Gold stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Also, Director Clive Thomas Johnson sold 91,552 shares of B2Gold stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. Over the last quarter, insiders have sold 205,857 shares of company stock worth $789,779. Company insiders own 0.83% 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.