B2Gold Corp. (TSE:BTO) Receives Consensus Rating of "Moderate Buy" from Analysts

B2Gold Corp. (TSE:BTO) has recently been evaluated by nine research firms, which have collectively assigned it an average recommendation of "Moderate Buy," according to reports from MarketBeat. Of these analysts, three have issued a hold rating, while six have given the stock a buy rating. The consensus 1-year price target among analysts who have published estimates over the past year is set at C$5.66.

Recent updates from various firms show a range of adjustments to their price targets for B2Gold. For instance, Stifel Nicolaus raised their price objective from C$6.00 to C$6.50 in a report released on October 21. Additionally, Cormark increased their target from C$4.25 to C$5.25 on September 23. Meanwhile, BMO Capital Markets decreased their target from C$6.50 to C$6.00 while maintaining an "outperform" rating, a change made on September 16. CIBC World Markets revised their view by lowering the rating from "strong-buy" to "hold" on September 24.

Insider Transactions at B2Gold

In a notable insider transaction, Senior Officer Randall Chatwin purchased 10,153 shares of B2Gold on December 19 at an average price of C$3.51 per share, totaling C$35,637.03. Currently, corporate insiders own approximately 0.66% of the company’s shares.

B2Gold Stock Performance

As of the latest trading session, B2Gold shares opened at C$3.77. Over the past year, the stock has reached a low of C$3.18 and a high of C$4.84. The company has reported a debt-to-equity ratio of 1.05, indicating balanced leverage, alongside a quick ratio of 3.33 and a current ratio of 2.93. B2Gold has a market capitalization of C$4.94 billion, with a Price-to-Earnings (P/E) ratio of -22.18 and a P/E growth (P/E/G) ratio of -0.27. Currently, the 50-day moving average price of the stock is C$3.89, and the 200-day moving average price is C$3.97.

Dividend Declaration by B2Gold

In recent news regarding dividends, B2Gold announced a quarterly dividend which was paid on December 12. Shareholders who were on record by this date received a dividend of $0.054 per share, translating to an annual dividend of $0.22, which equates to a yield of 5.73%. The ex-dividend date for this payment was December 2. Notably, B2Gold's current dividend payout ratio is -129.41%, reflecting a challenging profitability situation.

About B2Gold Corp.

B2Gold Corp. is a gold mining company that operates several mining projects. These include the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. Furthermore, the company holds a 100% interest in the Gramalote gold project in Colombia, as well as a 24% stake in Calibre Mining Corp. and a roughly 19% interest in BeMetals Corp.

B2Gold, Stock, Analysts