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

B2Gold Corp. (NYSE:BTG) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.12.

Several brokerages have recently issued reports on BTG. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Jefferies Financial Group upped their price objective on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. CIBC lifted their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

B2Gold Stock Performance

BTG stock opened at $2.59 on Monday. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.41 billion, a PE ratio of -4.62, a P/E/G ratio of 0.53 and a beta of 1.09. The business’s 50-day moving average price is $2.71 and its two-hundred day moving average price is $2.89.

B2Gold (NYSE:BTG) last released its quarterly earnings data 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 the consensus estimate of $449.28 million. During the same quarter last year, the firm earned $0.05 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts forecast that B2Gold will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 yield of 6.18%. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

Institutional Trading of B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of B2Gold by 40.6% in the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after purchasing an additional 47,967,010 shares during the period. Two Sigma Advisers LP increased its position in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after buying an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after buying an additional 4,754,500 shares during the period. 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 valued at $33,053,000 after buying an additional 3,474,553 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of B2Gold by 80.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after acquiring an additional 3,311,970 shares during the period. 61.40% of the stock is owned by institutional investors.

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.