Brokerages Set B2Gold Corp. (NYSEAMERICAN:BTG) PT at $4.85

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) has earned an average rating of “Moderate Buy” from the four analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.85.

A number of research analysts recently commented on BTG shares. CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $4.20 to $3.60 in a research note on Thursday, January 25th. Royal Bank of Canada lowered their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Finally, Jefferies Financial Group started coverage on B2Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $3.50 price objective for the company.

B2Gold Trading Down 0.4 %

Shares of NYSEAMERICAN BTG opened at $2.60 on Wednesday. B2Gold has a twelve month low of $2.34 and a twelve month high of $4.29. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.39 billion, a P/E ratio of 130.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The firm has a 50 day moving average price of $2.90.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. B2Gold’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, equities analysts predict that B2Gold will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is presently 400.20%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTG. JPMorgan Chase & Co. increased its position in shares of B2Gold by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,343,623 shares of the basic materials company’s stock valued at $10,757,000 after purchasing an additional 103,507 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of B2Gold by 13.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 199,062 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 24,045 shares during the period. Bank of New York Mellon Corp increased its position in shares of B2Gold by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 577,840 shares of the basic materials company’s stock valued at $2,652,000 after purchasing an additional 30,187 shares during the period. HighTower Advisors LLC increased its position in shares of B2Gold by 30.3% during the 1st quarter. HighTower Advisors LLC now owns 39,711 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 9,229 shares during the period. Finally, Cetera Advisor Networks LLC increased its position in shares of B2Gold by 52.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 26,750 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 9,250 shares during the period. 61.40% of the stock is owned by institutional investors.

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.