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

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.85.

BTG has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 price target on the stock. Royal Bank of Canada lowered their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Finally, CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $4.20 to $3.60 in a report on Thursday, January 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BTG. US Bancorp DE lifted its position in shares of B2Gold by 1,523.7% in the fourth quarter. US Bancorp DE now owns 7,891 shares of the basic materials company’s stock worth $25,000 after buying an additional 7,405 shares during the last quarter. Independent Wealth Network Inc. acquired a new stake in shares of B2Gold in the first quarter worth about $26,000. Stableford Capital II LLC acquired a new stake in shares of B2Gold in the first quarter worth about $34,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of B2Gold in the third quarter worth about $35,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of B2Gold in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 2.4 %

BTG opened at $2.65 on Wednesday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 132.32, a PEG ratio of 1.95 and a beta of 1.09. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $2.90. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $4.29.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The business’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, equities research analysts anticipate that B2Gold will post 0.22 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a yield of 6.05%. B2Gold’s dividend payout ratio (DPR) is currently 400.20%.

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.