B2Gold Corp. (NYSE:BTG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of B2Gold Corp. (NYSE:BTG) have earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.12.

A number of equities analysts recently weighed in on the company. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Finally, Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th.

B2Gold Stock Performance

Shares of NYSE:BTG opened at $3.13 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of -104.17, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.46. The business’s 50 day simple moving average is $2.92. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. On average, sell-side analysts expect that B2Gold will post 0.25 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is currently -533.33%.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can grew its stake in B2Gold by 2.2% in the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after purchasing an additional 282,070 shares in the last quarter. American Century Companies Inc. increased its holdings in B2Gold by 39.4% in the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after buying an additional 3,474,553 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after buying an additional 3,311,970 shares during the last quarter. Equinox Partners Investment Management LLC raised its position in B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after acquiring an additional 1,450,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in B2Gold in the second quarter valued at approximately $6,912,000. 61.40% of the stock is owned by institutional investors and hedge funds.

About B2Gold

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.