B2Gold Corp. (NYSE:BTG) Receives Consensus Rating of “Hold” from Brokerages

Shares of B2Gold Corp. (NYSE:BTG) have received an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.00.

BTG has been the topic of a number of analyst reports. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Raymond James Financial increased their price target on shares of B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. CIBC lowered their price objective on shares of B2Gold to $6.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Zacks Research downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th.

B2Gold Trading Up 1.6%

Shares of NYSE:BTG opened at $4.50 on Thursday. The company has a market capitalization of $6.01 billion, a P/E ratio of -9.38, a P/E/G ratio of 0.33 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The business’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $4.09. B2Gold has a 1 year low of $2.20 and a 1 year high of $5.94.

B2Gold (NYSE:BTG) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 74.7% on a year-over-year basis. On average, research analysts anticipate that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, December 2nd will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.08 annualized dividend and a yield of 1.8%. B2Gold’s dividend payout ratio (DPR) is 57.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pale Fire Capital SE boosted its stake in shares of B2Gold by 1.4% in the 2nd quarter. Pale Fire Capital SE now owns 65,760,909 shares of the company’s stock valued at $237,397,000 after purchasing an additional 922,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in B2Gold by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 55,005,249 shares of the company’s stock valued at $271,946,000 after purchasing an additional 1,380,053 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in B2Gold by 119.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company’s stock valued at $123,897,000 after buying an additional 18,703,995 shares in the last quarter. American Century Companies Inc. boosted its position in B2Gold by 14.6% in the third quarter. American Century Companies Inc. now owns 34,067,358 shares of the company’s stock valued at $168,455,000 after buying an additional 4,336,881 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of B2Gold by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 31,137,730 shares of the company’s stock worth $154,132,000 after buying an additional 1,457,922 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

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.