Analysts Set B2Gold Corp. (NYSE:BTG) Price Target at $4.12

Shares of B2Gold Corp. (NYSE:BTG) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, 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 12 month price objective among brokers that have covered the stock in the last year is $4.12.

A number of equities analysts have weighed in on BTG shares. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group increased their target price on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th.

B2Gold Trading Up 1.6 %

NYSE BTG opened at $2.48 on Thursday. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -4.43, a PEG ratio of 0.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a one year low of $2.34 and a one year high of $3.50. The company’s 50 day moving average price is $2.96 and its 200 day moving average price is $2.90.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business’s revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts predict that B2Gold will post 0.23 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 6.45%. B2Gold’s dividend payout ratio is presently -28.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp increased its stake in shares of B2Gold by 40.6% during the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after acquiring an additional 47,967,010 shares during the period. FMR LLC boosted its position in shares of B2Gold by 0.7% in the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after purchasing an additional 438,399 shares during the period. Two Sigma Advisers LP grew its position in B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after purchasing an additional 7,165,600 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of B2Gold by 2.2% during the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after buying an additional 282,070 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of 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 purchasing an additional 3,474,553 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

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.