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

Shares of B2Gold Corp. (NYSE:BTG) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com 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 target price among analysts that have updated their coverage on the stock in the last year is $4.12.

BTG has been the topic of a number of research reports. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Finally, StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On B2Gold

A number of hedge funds and other institutional investors have recently modified their holdings of BTG. 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 in the last quarter. Two Sigma Advisers LP raised its stake 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 acquiring an additional 7,165,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in B2Gold by 69.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock worth $35,837,000 after acquiring an additional 4,754,500 shares in the last quarter. American Century Companies Inc. raised its stake in B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in 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 in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

NYSE:BTG opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock has a market cap of $3.72 billion, a PE ratio of -5.05, a P/E/G ratio of 2.54 and a beta of 1.13. The business’s 50 day moving average is $3.14. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.50.

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

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.65%. B2Gold’s payout ratio is -28.57%.

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.