Scotiabank Trims B2Gold (TSE:BTO) Target Price to C$8.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price cut by Scotiabank from C$9.00 to C$8.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on BTO. National Bankshares boosted their price objective on shares of B2Gold from C$8.00 to C$8.50 in a research note on Friday, October 22nd. Raymond James decreased their price objective on shares of B2Gold to C$8.00 and set an outperform rating for the company in a research note on Wednesday, October 13th. JPMorgan Chase & Co. downgraded shares of B2Gold from a neutral rating to an underweight rating in a research note on Friday, December 10th. Finally, Royal Bank of Canada set a C$5.75 price objective on shares of B2Gold and gave the stock a sector perform rating in a research note on Wednesday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Buy and a consensus price target of C$8.05.

B2Gold stock opened at C$4.47 on Tuesday. B2Gold has a 1 year low of C$4.21 and a 1 year high of C$6.63. The firm has a 50 day moving average price of C$5.01 and a 200 day moving average price of C$4.94. The company has a market cap of C$4.72 billion and a price-to-earnings ratio of 8.39. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.90 and a current ratio of 4.89.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Tuesday, November 2nd. The company reported C$0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). The company had revenue of C$643.26 million for the quarter, compared to analysts’ expectations of C$652.05 million. Sell-side analysts predict that B2Gold will post 0.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Wednesday, December 8th were given a dividend of $0.05 per share. This is a boost from B2Gold’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Tuesday, December 7th. B2Gold’s payout ratio is presently 30.02%.

In related news, Senior Officer John Alex Rajala sold 90,000 shares of the company’s stock in a transaction on Thursday, November 25th. The shares were sold at an average price of C$5.24, for a total value of C$471,600.00. Following the sale, the insider now directly owns 97,980 shares of the company’s stock, valued at C$513,415.20.

About B2Gold

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.

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Analyst Recommendations for B2Gold (TSE:BTO)

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