B2Gold Corp. (NYSE:BTG) Receives $4.12 Average Price Target from Analysts

Shares of B2Gold Corp. (NYSE:BTG) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.12.

A number of equities research analysts have issued reports on the stock. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group raised their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th.

Hedge Funds Weigh In On B2Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. E&G Advisors LP bought a new stake in shares of B2Gold during the 3rd quarter worth $31,000. Private Advisor Group LLC bought a new stake in B2Gold during the third quarter valued at about $33,000. Flow Traders U.S. LLC bought a new stake in B2Gold during the third quarter valued at about $35,000. HighTower Advisors LLC acquired a new stake in shares of B2Gold in the third quarter valued at about $36,000. Finally, Moors & Cabot Inc. increased its stake in shares of B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Down 0.3 %

B2Gold stock opened at $2.88 on Friday. The company has a 50 day moving average price of $3.11 and a 200 day moving average price of $2.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -5.14, a P/E/G ratio of 0.55 and a beta of 1.13.

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

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 5.56%. B2Gold’s dividend payout ratio (DPR) is currently -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.