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

B2Gold Corp. (NYSE:BTG) has received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.25.

Several brokerages have recently issued reports on BTG. Raymond James Financial restated an “outperform” rating and issued a $6.50 price objective on shares of B2Gold in a research note on Wednesday, January 14th. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. CIBC dropped their price objective on shares of B2Gold to $6.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Finally, Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BTG. Mondrian Investment Partners LTD bought a new stake in B2Gold in the 3rd quarter valued at $31,000. Steward Partners Investment Advisory LLC increased its stake in 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 acquiring an additional 8,750 shares during the period. International Assets Investment Management LLC acquired a new position in B2Gold in the second quarter worth about $36,000. Sagard Holdings Management Inc. acquired a new position in B2Gold in the second quarter worth about $39,000. Finally, Comprehensive Money Management Services LLC bought a new position in B2Gold during the second quarter worth about $40,000. 61.40% of the stock is owned by institutional investors.

B2Gold Trading Up 5.5%

B2Gold stock opened at $5.20 on Friday. B2Gold has a 52 week low of $2.20 and a 52 week high of $5.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The firm has a market capitalization of $6.97 billion, a PE ratio of -10.83, a PEG ratio of 0.33 and a beta of 0.60. The business’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $4.35.

B2Gold (NYSE:BTG) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, beating 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 business’s quarterly revenue was up 74.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share. Equities research analysts forecast 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 was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently 57.14%.

About B2Gold

B2Gold Corp. is a Canadian-based gold producer headquartered in Vancouver, British Columbia. Founded in 2007, the company focuses on the acquisition, exploration, development and operation of gold mining properties in emerging markets. Since its inception, B2Gold has grown into a mid-tier producer with a portfolio of operating mines, advanced-stage development assets and exploration projects.

The company’s principal operations include the Fekola mine in Mali, the Otjikoto mine in Namibia, the Masbate mine in the Philippines and the La Libertad mine in Nicaragua.