B2Gold (TSE:BTO) (NYSE:BTG) had its target price trimmed by National Bank Financial from C$8.50 to C$7.50 in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other brokerages also recently issued reports on BTO. Bank of America increased their price objective on shares of B2Gold from C$6.30 to C$6.65 in a research report on Wednesday, March 4th. Pi Financial set a C$6.50 price objective on shares of B2Gold and gave the stock a buy rating in a research report on Friday, February 28th. TD Securities raised shares of B2Gold from a buy rating to an action list buy rating and increased their price objective for the stock from C$7.50 to C$8.00 in a research report on Friday, January 10th. Cormark increased their price objective on shares of B2Gold from C$6.75 to C$7.00 in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity increased their price objective on shares of B2Gold from C$7.00 to C$7.50 in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$6.79.
TSE:BTO traded down C$0.24 during trading hours on Wednesday, hitting C$4.97. The stock had a trading volume of 8,852,346 shares, compared to its average volume of 5,378,414. B2Gold has a one year low of C$3.12 and a one year high of C$6.51. The company has a debt-to-equity ratio of 12.76, a quick ratio of 1.05 and a current ratio of 2.60. The company has a market cap of $5.40 billion and a price-to-earnings ratio of 17.32. The business’s 50 day moving average is C$5.33 and its 200-day moving average is C$4.92.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, March 6th. B2Gold’s payout ratio is 3.48%.
In related news, Director Robert Gayton sold 60,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$5.25, for a total transaction of C$315,000.00. Following the completion of the transaction, the director now owns 220,000 shares in the company, valued at C$1,155,000. Also, Senior Officer Dale Alton Craig sold 39,999 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of C$5.10, for a total transaction of C$203,994.90. Following the transaction, the insider now owns 57,437 shares of the company’s stock, valued at approximately C$292,928.70. Insiders have sold 901,399 shares of company stock valued at $5,355,407 in the last 90 days.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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