B2Gold Corp. (NYSE:BTG) Receives $6.25 Consensus PT from Analysts

Shares of B2Gold Corp. (NYSE:BTG) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.25.

A number of research analysts have issued reports on the stock. CIBC upped their price target on shares of B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research note on Friday, October 10th. Zacks Research lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research note on Wednesday, July 16th. Finally, Raymond James Financial increased their price objective on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th.

B2Gold Trading Down 6.6%

Shares of B2Gold stock opened at $5.55 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 12-month low of $2.20 and a 12-month high of $5.94. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of -11.56, a PEG ratio of 0.33 and a beta of 0.45. The firm’s 50 day simple moving average is $4.52 and its two-hundred day simple moving average is $3.76.

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

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. B2Gold’s dividend payout ratio is -22.86%.

Institutional Trading of B2Gold

A number of hedge funds have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. purchased a new position in B2Gold during the first quarter valued at $28,000. Kercheville Advisors LLC acquired a new stake in shares of B2Gold in the first quarter valued at about $31,000. Steward Partners Investment Advisory LLC raised its position in shares of B2Gold by 875.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock valued at $35,000 after buying an additional 8,750 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of B2Gold in the second quarter valued at about $36,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of B2Gold in the first quarter valued at about $38,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.