Cormark Raises B2Gold (TSE:BTO) Price Target to C$5.25

B2Gold (TSE:BTO) (NYSE:BTG) had its target price boosted by Cormark from C$4.25 to C$5.25 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Cibc World Mkts raised 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 shares of B2Gold and gave the stock an outperform rating in a research report on Wednesday, August 14th. Scotiabank cut shares of B2Gold from an outperform rating to a sector perform rating in a research report on Friday, August 9th. Canaccord Genuity Group dropped their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a buy rating on the stock in a research note on Tuesday, August 13th. Finally, BMO Capital Markets decreased their target price on shares of B2Gold from C$6.50 to C$6.00 and set an outperform rating for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$5.92.

B2Gold Price Performance

Shares of TSE BTO opened at C$4.45 on Monday. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$4.74. The stock has a market capitalization of C$5.83 billion, a P/E ratio of -27.81, a P/E/G ratio of -0.27 and a beta of 1.21. The company’s 50-day moving average is C$3.97 and its 200 day moving average is C$3.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. The firm had revenue of C$673.95 million for the quarter. On average, sell-side analysts expect that B2Gold will post 0.5559748 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 4.94%. B2Gold’s dividend payout ratio is presently -137.50%.

Insider Activity at B2Gold

In related news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. Also, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total transaction of C$250,982.04. Insiders sold 66,293 shares of company stock valued at $296,352 over the last 90 days. Corporate 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.