B2Gold Corp. (NYSE:BTG) Receives $4.12 Average PT from Analysts

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

BTG has been the subject of a number of recent research reports. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Jefferies Financial Group upped their price target on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. CIBC upped their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

Hedge Funds Weigh In On B2Gold

Hedge funds have recently made changes to their positions in the company. E&G Advisors LP acquired a new position in shares of B2Gold in the 3rd quarter valued at $31,000. Private Advisor Group LLC purchased a new stake in B2Gold in the third quarter valued at $33,000. Blue Trust Inc. boosted its holdings in B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after purchasing an additional 5,764 shares during the last quarter. Continuum Advisory LLC purchased a new stake in B2Gold in the second quarter valued at $40,000. Finally, ShoreHaven Wealth Partners LLC purchased a new stake in B2Gold in the third quarter valued at $46,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of NYSE:BTG opened at $3.28 on Wednesday. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50. The company’s 50 day simple moving average is $3.14. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -29.77, a PEG ratio of 2.69 and a beta of 1.13. 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 announced its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. Equities research analysts expect that B2Gold will post 0.25 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -145.44%.

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.