Brokerages Set B2Gold Corp. (NYSE:BTG) Price Target at $4.50

Shares of B2Gold Corp. (NYSE:BTG) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.50.

Several research firms have weighed in on BTG. Raymond James Financial raised B2Gold to a “moderate buy” rating and set a $4.50 target price on the stock in a research note on Monday, June 30th. National Bankshares reaffirmed an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. Zacks Research cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, CIBC restated a “neutral” rating and issued a $4.00 target price (up from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th.

B2Gold Price Performance

Shares of B2Gold stock opened at $4.76 on Friday. The company’s 50-day moving average price is $3.88 and its two-hundred day moving average price is $3.48. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a market cap of $6.30 billion, a PE ratio of -9.92, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42. B2Gold has a 52 week low of $2.20 and a 52 week high of $4.77.

B2Gold (NYSE:BTG) last posted its quarterly earnings data 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%.The company’s revenue was up 40.5% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, sell-side analysts anticipate that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.7%. B2Gold’s dividend payout ratio (DPR) is -22.86%.

Hedge Funds Weigh In On B2Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of B2Gold by 577.0% during the 4th quarter. Bank of America Corp DE now owns 4,519,757 shares of the company’s stock valued at $11,028,000 after purchasing an additional 3,852,095 shares in the last quarter. Millennium Management LLC increased its position in shares of B2Gold by 39.0% during the 4th quarter. Millennium Management LLC now owns 1,282,528 shares of the company’s stock worth $3,130,000 after purchasing an additional 359,787 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of B2Gold during the 4th quarter worth approximately $183,000. Vident Advisory LLC increased its position in shares of B2Gold by 17.0% during the 4th quarter. Vident Advisory LLC now owns 315,546 shares of the company’s stock worth $770,000 after purchasing an additional 45,915 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of B2Gold during the 4th quarter worth approximately $276,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

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.