B2Gold Corp. (NYSE:BTG) Receives $4.12 Consensus Target Price from Brokerages

B2Gold Corp. (NYSE:BTG) has received an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.12.

A number of equities research analysts recently issued reports on the company. CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Jefferies Financial Group lifted their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th.

Institutional Investors Weigh In On B2Gold

A number of hedge funds have recently made changes to their positions in the business. E&G Advisors LP purchased a new position in B2Gold in the 3rd quarter worth $31,000. Private Advisor Group LLC purchased a new position in shares of B2Gold in the third quarter worth about $33,000. Flow Traders U.S. LLC bought a new stake in shares of B2Gold in the 3rd quarter valued at about $35,000. HighTower Advisors LLC purchased a new stake in B2Gold during the 3rd quarter valued at about $36,000. Finally, Moors & Cabot Inc. grew its position in B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after acquiring an additional 3,500 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Up 2.1 %

BTG stock opened at $2.89 on Friday. The firm’s 50-day moving average is $3.12. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -5.16, a PEG ratio of 2.59 and a beta of 1.13. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS 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 firm had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. During the same period in the prior year, the firm posted $0.05 EPS. B2Gold’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts anticipate that B2Gold will post 0.23 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Monday, December 2nd. B2Gold’s payout ratio is currently -28.57%.

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.