B2Gold (TSE:BTO) Stock Price Up 3.8% - Here's What Happened
B2Gold Corp. (TSE:BTO) shares rose 3.8% to C$4.64, with 2.34 million shares traded. Analysts have mixed views, with BMO Capital Markets lowering the target price from C$7.00 to C$6.50, and TD Securities downgrading the stock from "strong-buy" to "hold." The company announced a quarterly dividend of $0.02 per share, with a yield of 1.70%. Insider sales totaled 415,145 shares last quarter. B2Gold operates gold mines in Mali, the Philippines, and Namibia, and has interests in other projects.
B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares rose 3.8% on Monday . The stock traded as high as C$4.68 and last traded at C$4.64. Approximately 2,343,901 shares traded hands during trading, a decline of 40% from the average daily volume of 3,892,442 shares. The stock had previously closed at C$4.47.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. TD Securities lowered B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$5.94.
Check Out Our Latest Stock Analysis on B2Gold
B2Gold Stock Up 5.1 %
The company has a 50-day simple moving average of C$4.03 and a 200 day simple moving average of C$3.98. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market cap of C$4.34 billion, a P/E ratio of -5.41, a P/E/G ratio of -0.27 and a beta of 1.23.
B2Gold Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is presently -25.32%.
Insider Activity at B2Gold
In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$333,009.60. Also, Senior Officer William Lytle sold 54,062 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$208,138.70. Over the last quarter, insiders sold 415,145 shares of company stock worth $1,635,577. Company insiders own 0.66% of the company's stock.
About B2Gold
(Get Free Report)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.
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