B2Gold Corp. (NYSEAMERICAN:BTG) Receives Consensus Rating of “Buy” from Analysts

Shares of B2Gold Corp. (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.28.

A number of research firms have recently commented on BTG. Scotiabank increased their price objective on B2Gold from C$8.00 to C$8.25 in a report on Tuesday, April 19th. Canaccord Genuity Group decreased their price objective on B2Gold from C$8.50 to C$8.00 in a research report on Thursday, January 27th. National Bank Financial increased their price objective on B2Gold from C$7.75 to C$8.50 in a research report on Wednesday, April 20th. Finally, Raymond James set a $6.00 price objective on B2Gold and gave the company an “outperform” rating in a research note on Thursday, May 5th.

BTG opened at $4.12 on Monday. B2Gold has a 12-month low of $3.30 and a 12-month high of $5.37. The company has a current ratio of 4.89, a quick ratio of 3.54 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.35 billion, a P/E ratio of 9.58 and a beta of 1.01.

B2Gold (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) last issued its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. Equities analysts forecast that B2Gold will post 0.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 17th. Stockholders of record on Wednesday, March 9th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Tuesday, March 8th. B2Gold’s dividend payout ratio is currently 37.21%.

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in shares of B2Gold by 2.3% during the first quarter. Van ECK Associates Corp now owns 112,291,382 shares of the basic materials company’s stock worth $515,417,000 after purchasing an additional 2,482,483 shares in the last quarter. Vanguard Group Inc. increased its holdings in B2Gold by 5.4% in the first quarter. Vanguard Group Inc. now owns 35,108,400 shares of the basic materials company’s stock valued at $161,147,000 after buying an additional 1,788,367 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in B2Gold by 13.9% in the first quarter. First Eagle Investment Management LLC now owns 24,813,175 shares of the basic materials company’s stock valued at $113,928,000 after buying an additional 3,026,070 shares during the last quarter. Norges Bank bought a new stake in B2Gold in the fourth quarter valued at about $45,659,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of B2Gold by 30.7% during the first quarter. Allianz Asset Management GmbH now owns 10,786,064 shares of the basic materials company’s stock valued at $49,567,000 after purchasing an additional 2,535,114 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

B2Gold Company Profile (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.

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Analyst Recommendations for B2Gold (NYSEAMERICAN:BTG)

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