B2Gold Corp. (TSE:BTO) Given Consensus Rating of “Buy” by Brokerages

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$9.33.

BTO has been the subject of a number of research reports. ATB Cormark Capital Markets raised shares of B2Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$6.50 to C$11.00 in a report on Monday. National Bank Financial cut their price target on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Scotia raised B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective on the stock in a research report on Monday. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, TD raised shares of B2Gold from a “hold” rating to a “buy” rating and upped their price target for the company from C$6.00 to C$8.50 in a research note on Monday.

Insider Buying and Selling

In other B2Gold news, insider Ninette Krohnert sold 4,700 shares of the stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$27,636.00. Following the sale, the insider owned 62,557 shares of the company’s stock, valued at approximately C$367,835.16. This trade represents a 6.99% decrease in their position. Also, Director Michael Andrew Cinnamond sold 14,089 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the completion of the sale, the director owned 315,371 shares in the company, valued at C$1,854,381.48. This represents a 4.28% decrease in their ownership of the stock. Insiders sold 227,252 shares of company stock worth $1,401,375 over the last 90 days. Corporate insiders own 0.66% of the company’s stock.

Key Stories Impacting B2Gold

Here are the key news stories impacting B2Gold this week:

• Positive Sentiment: B2Gold received approval for the Fekola Regional exploitation permit in Mali. The authorization reduces regulatory uncertainty and supports the company’s plans to develop additional resources around its important Fekola complex. B2Gold up 22% as it receives green light for Mali
• Positive Sentiment: The Mali permit announcement helped make B2Gold one of the TSX’s top gainers, aided by strength in gold prices. Higher bullion prices can improve revenue, margins and cash flow for gold producers. B2Gold makes TSX top gainer as gold prices gain and Fekola permit is granted
• Positive Sentiment: Analyst sentiment strengthened materially. TD Securities raised B2Gold from “hold” to “buy” and increased its price target to C$8.50 from C$6.00, while Scotiabank upgraded the shares to “sector outperform” with a C$10.00 target. Analyst ratings from BayStreet
• Positive Sentiment: ATB Cormark upgraded B2Gold to “outperform” and lifted its target to C$11.00 from C$6.50. TD Securities and Scotiabank subsequently characterized the stock as a “strong buy,” reinforcing the bullish view on the permit and gold-price outlook. B2Gold analyst upgrades from Zacks
• Negative Sentiment: B2Gold’s permit win followed a reduction to production guidance, indicating that permitting delays or operating challenges could weigh on near-term output and earnings. Investors may continue to monitor execution at Fekola and the timing of regional development. B2Gold wins Mali permit after guidance cut

B2Gold Trading Up 0.1%

TSE:BTO opened at C$7.04 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48. B2Gold has a 12 month low of C$4.81 and a 12 month high of C$8.60. The company has a market cap of C$9.30 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of -0.27 and a beta of 1.74. The company has a 50 day simple moving average of C$5.69 and a two-hundred day simple moving average of C$6.43.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%.The business had revenue of C$1.12 billion for the quarter. Research analysts forecast that B2Gold will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. B2Gold’s payout ratio is presently 21.05%.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.