B2Gold (TSE:BTO) Trading 3% Higher

B2Gold Corp. (TSE:BTO) (NYSE:BTG) traded up 3% during trading on Wednesday . The company traded as high as C$3.78 and last traded at C$3.77. 646,034 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,636,363 shares. The stock had previously closed at C$3.66.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus reduced their price target on B2Gold from C$7.00 to C$6.50 and set a “buy” rating on the stock in a research report on Friday, January 26th. National Bankshares reduced their price target on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. CIBC reduced their price target on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Canaccord Genuity Group reduced their price target on B2Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, 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. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$6.02.

B2Gold Trading Up 3.6 %

The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The firm has a 50-day moving average of C$3.54 and a 200 day moving average of C$3.96. The company has a market cap of C$4.93 billion, a P/E ratio of 366.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The firm had revenue of C$697.07 million during the quarter. B2Gold had a return on equity of 1.18% and a net margin of 0.52%. On average, analysts predict that B2Gold Corp. will post 0.3116987 earnings per share for the current fiscal year.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a $0.054 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 annualized dividend and a yield of 5.70%. B2Gold’s payout ratio is currently 2,200.00%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the 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 value of C$57,296.25. In other news, Director Clive Thomas Johnson sold 91,552 shares of the 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 value of C$343,320.00. Also, Senior Officer Neil Reeder sold 15,279 shares of the 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 value of C$57,296.25. Over the last quarter, insiders have sold 205,857 shares of company stock worth $789,779. Corporate insiders own 0.83% of the company’s stock.

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.