Analysts Set B2Gold Corp. (NYSE:BTG) PT at $4.21

B2Gold Corp. (NYSE:BTG) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.21.

A number of research analysts have recently weighed in on BTG shares. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Raymond James restated an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a research report on Friday, April 4th. Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Rathbones Group PLC boosted its position in shares of B2Gold by 5.9% during the first quarter. Rathbones Group PLC now owns 83,160 shares of the company’s stock valued at $236,000 after buying an additional 4,623 shares during the period. HighTower Advisors LLC boosted its position in shares of B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock valued at $41,000 after buying an additional 5,288 shares during the period. Hsbc Holdings PLC boosted its position in shares of B2Gold by 17.8% during the first quarter. Hsbc Holdings PLC now owns 44,238 shares of the company’s stock valued at $126,000 after buying an additional 6,692 shares during the period. Cadence Wealth Management LLC boosted its position in shares of B2Gold by 3.5% during the fourth quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company’s stock valued at $580,000 after buying an additional 7,990 shares during the period. Finally, Signaturefd LLC boosted its position in shares of B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after buying an additional 8,250 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Trading Up 5.2%

Shares of B2Gold stock opened at $3.21 on Friday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -6.69, a PEG ratio of 0.33 and a beta of 0.43. The business has a 50-day moving average price of $3.06 and a 200-day moving average price of $2.79. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.51.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. Equities research analysts anticipate that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 2.49%. B2Gold’s dividend payout ratio (DPR) is presently -17.02%.

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.