B2Gold Corp. (NYSE:BTG) Receives Consensus Recommendation of “Hold” from Analysts

B2Gold Corp. (NYSE:BTG) has received a consensus recommendation of “Hold” from the six brokerages that are 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $4.12.

BTG has been the topic of several recent analyst reports. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Finally, StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th.

B2Gold Stock Performance

NYSE:BTG opened at $3.28 on Wednesday. B2Gold has a one year low of $2.34 and a one year high of $3.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -29.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.13. The firm has a fifty day simple moving average of $3.14.

B2Gold (NYSE:BTG) last posted its earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million for the quarter. As a group, equities research analysts predict that B2Gold will post 0.25 earnings per share for the current fiscal year.

B2Gold Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BTG. E&G Advisors LP acquired a new stake in B2Gold in the 3rd quarter valued at about $31,000. Private Advisor Group LLC acquired a new stake in B2Gold in the 3rd quarter valued at about $33,000. Continuum Advisory LLC acquired a new stake in B2Gold in the 2nd quarter valued at about $40,000. Baader Bank Aktiengesellschaft acquired a new stake in B2Gold in the 2nd quarter valued at about $42,000. Finally, Blue Trust Inc. raised its holdings in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after acquiring an additional 5,764 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.