Shares of B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) have been given an average rating of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.22.
Several analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of B2Gold from C$8.00 to C$7.00 in a research note on Thursday, January 20th. Raymond James reduced their target price on shares of B2Gold from $6.00 to $5.50 and set an “outperform” rating on the stock in a report on Tuesday, March 22nd. National Bank Financial increased their price target on B2Gold from C$7.75 to C$8.50 in a report on Wednesday, April 20th. Scotiabank boosted their price objective on B2Gold from C$8.00 to C$8.25 in a research note on Tuesday, April 19th. Finally, Canaccord Genuity Group dropped their target price on B2Gold from C$8.50 to C$8.00 in a report on Thursday, January 27th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $45,659,000. Bank of America Corp DE increased its holdings in shares of B2Gold by 512.7% during the fourth quarter. Bank of America Corp DE now owns 7,179,404 shares of the basic materials company’s stock valued at $28,215,000 after purchasing an additional 6,007,635 shares during the period. AustralianSuper Pty Ltd bought a new stake in shares of B2Gold during the third quarter valued at about $16,349,000. NewGen Asset Management Ltd bought a new stake in shares of B2Gold during the 4th quarter worth about $11,614,000. Finally, Millennium Management LLC lifted its stake in shares of B2Gold by 341.0% in the 4th quarter. Millennium Management LLC now owns 3,129,142 shares of the basic materials company’s stock worth $12,325,000 after acquiring an additional 2,419,585 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.
B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) last announced its earnings results on Tuesday, February 22nd. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $526.11 million during the quarter, compared to analyst estimates of $520.00 million. B2Gold had a net margin of 26.32% and a return on equity of 15.30%. Analysts expect that B2Gold will post 0.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 17th. Investors of record on Wednesday, March 9th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Tuesday, March 8th. B2Gold’s dividend payout ratio is presently 37.21%.
About B2Gold (Get Rating)
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
- Get a free copy of the StockNews.com research report on B2Gold (BTG)
- Carl Icahn Buys More Xerox
- Xerox Holdings Stock is a Value Play
- The Kraft Heinz Turnaround Story Gains Momentum
- Microsoft (NASDAQ: MSFT) Saves The Day, For Now
- Las Vegas Sands Stock Could be a Winning Bet Down Here
Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.