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

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective upped by Canaccord Genuity Group from C$7.00 to C$7.25 in a research note released on Tuesday morning, BayStreet.CA reports.

Several other research firms have also issued reports on BTO. Stifel Nicolaus decreased their target price on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Scotiabank lowered their price objective on B2Gold from C$5.50 to C$5.00 in a research report on Thursday, May 9th. Cormark raised their price objective on shares of B2Gold from C$5.00 to C$5.50 in a report on Thursday, June 20th. Eight Capital decreased their price target on B2Gold from C$7.25 to C$7.00 and set a buy rating for the company in a report on Monday, April 22nd. Finally, Cibc World Mkts lowered B2Gold from a strong-buy rating to a hold rating in a research report on Wednesday, July 10th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of C$5.97.

B2Gold Stock Up 1.0 %

Shares of TSE:BTO opened at C$4.03 on Tuesday. The business has a 50-day moving average price of C$3.81 and a 200 day moving average price of C$3.69. The company has a market capitalization of C$5.24 billion, a price-to-earnings ratio of -80.60, a PEG ratio of -0.27 and a beta of 1.15. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.76. 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 posted its earnings results on Tuesday, May 7th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.01. The firm had revenue of C$622.09 million during the quarter. B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%. Sell-side analysts expect that B2Gold will post 0.3689788 EPS for the current year.

B2Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 24th were given a dividend of $0.055 per share. This is an increase from B2Gold’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Tuesday, June 11th. B2Gold’s dividend payout ratio (DPR) is presently -440.00%.

Insider Activity

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