B2Gold (TSE:BTO) Given New C$8.75 Price Target at CIBC


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B2Gold (TSE:BTO) (NYSE:BTG) had its price objective raised by CIBC to C$8.75 in a research report released on Friday morning, Stock Target Advisor reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented on BTO. National Bank Financial reduced their target price on B2Gold from C$12.00 to C$11.00 and set an outperform rating for the company in a report on Monday, January 25th. Raymond James set a C$8.00 target price on B2Gold and gave the company an outperform rating in a report on Wednesday, February 24th. Royal Bank of Canada reduced their target price on B2Gold to C$6.50 and set a sector perform rating for the company in a report on Friday, January 22nd. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a C$9.00 target price on shares of B2Gold in a report on Wednesday, February 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$10.21.

Shares of B2Gold stock opened at C$6.38 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.67 and a debt-to-equity ratio of 4.14. The firm has a market cap of C$6.71 billion and a price-to-earnings ratio of 8.63. The business has a fifty day simple moving average of C$5.73 and a 200-day simple moving average of C$7.01. B2Gold has a fifty-two week low of C$5.25 and a fifty-two week high of C$9.99.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Tuesday, February 23rd. The company reported C$0.18 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$625.01 million for the quarter, compared to analysts’ expectations of C$609.41 million. Analysts anticipate that B2Gold will post 0.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 16th. Stockholders of record on Monday, March 8th were issued a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, March 5th. B2Gold’s dividend payout ratio is 14.88%.

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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