B2Gold (TSE:BTO) Price Target Lowered to C$6.00 at Stifel Nicolaus

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective cut by Stifel Nicolaus from C$6.50 to C$6.00 in a report released on Friday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Scotiabank reduced their price target on B2Gold from C$6.50 to C$5.50 and set an outperform rating on the stock in a research report 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 on the stock in a research note on Tuesday, March 19th. CIBC dropped their price objective on B2Gold from C$3.60 to C$3.40 and set an outperform rating on the stock in a research note on Wednesday, February 7th. Canaccord Genuity Group dropped their price objective on B2Gold from C$8.00 to C$7.25 and set a buy rating on the stock in a research note on Thursday, January 25th. Finally, National Bankshares dropped their price objective on B2Gold from C$5.50 to C$5.25 and set an outperform rating on the stock in a research note on Tuesday, February 27th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, B2Gold presently has an average rating of Buy and a consensus price target of C$5.97.

B2Gold Trading Down 0.8 %

Shares of BTO stock opened at C$3.59 on Friday. The firm has a market capitalization of C$4.67 billion, a P/E ratio of 359.00, a P/E/G ratio of -0.27 and a beta of 1.13. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$5.74. The company has a quick ratio of 3.33, a current ratio of 2.27 and a debt-to-equity ratio of 4.91. The stock’s fifty day simple moving average is C$3.54 and its 200 day simple moving average is C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last released 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 net margin of 0.52% and a return on equity of 1.18%. The company had revenue of C$697.07 million during the quarter. As a group, sell-side analysts predict that B2Gold will post 0.3116987 EPS for the current fiscal year.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were paid a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is currently 2,200.00%.

Insider Buying and Selling

In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total value of C$49,164.30. In the last three months, insiders have sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is owned by company insiders.

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.