B2Gold Corp. (NYSE:BTG) Receives Average Rating of “Hold” from Analysts

B2Gold Corp. (NYSE:BTG) has been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.02.

A number of equities research analysts have issued reports on BTG shares. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. CIBC decreased their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. grew its stake in 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 in the last quarter. Creative Planning grew its stake in B2Gold by 6.2% in the third quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after purchasing an additional 4,810 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in B2Gold by 24.7% in the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after purchasing an additional 5,257 shares in the last quarter. HighTower Advisors LLC grew its stake in B2Gold by 45.4% in the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock worth $41,000 after purchasing an additional 5,288 shares in the last quarter. Finally, Cadence Wealth Management LLC grew its stake in B2Gold by 3.5% in the fourth quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company’s stock worth $580,000 after purchasing an additional 7,990 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Trading Up 0.8 %

Shares of BTG stock opened at $2.68 on Tuesday. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.50. 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’s 50 day simple moving average is $2.53 and its two-hundred day simple moving average is $2.82. The company has a market cap of $3.53 billion, a PE ratio of -5.58, a price-to-earnings-growth ratio of 0.33 and a beta of 1.10.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.99%. B2Gold’s dividend payout ratio (DPR) is currently -16.67%.

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.