B2Gold Corp. (NYSE:BTG) Given Average Rating of “Hold” by Analysts

B2Gold Corp. (NYSE:BTG) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $4.3125.

Several research analysts have recently issued reports on the company. Raymond James Financial raised B2Gold to a “moderate buy” rating and set a $4.50 price target for the company in a research note on Monday, June 30th. Wall Street Zen upgraded B2Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Zacks Research lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. CIBC restated a “neutral” rating and issued a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Finally, National Bankshares restated an “outperform” rating on shares of B2Gold in a report on Wednesday, July 16th.

Institutional Trading of B2Gold

Several institutional investors have recently modified their holdings of BTG. Cantor Fitzgerald L. P. acquired a new stake in shares of B2Gold in the fourth quarter valued at $25,000. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold during the first quarter valued at $28,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of B2Gold during the fourth quarter valued at $30,000. Kercheville Advisors LLC purchased a new stake in shares of B2Gold during the first quarter valued at $31,000. Finally, Walker Asset Management LLC purchased a new stake in shares of B2Gold during the first quarter valued at $32,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Down 0.8%

NYSE:BTG opened at $3.95 on Tuesday. B2Gold has a 1 year low of $2.20 and a 1 year high of $4.04. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of -8.23, a PEG ratio of 0.33 and a beta of 0.39. The business has a fifty day moving average of $3.62 and a 200-day moving average of $3.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.During the same period in the prior year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 40.5% on a year-over-year basis. Equities analysts predict that B2Gold will post 0.4 earnings per share for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 2.0%. B2Gold’s dividend payout ratio is -22.86%.

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.