B2Gold Corp. (NYSE:BTG) Receives $4.12 Average Target Price from Analysts

Shares of B2Gold Corp. (NYSE:BTG) have been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.12.

BTG has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. CIBC boosted their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Jefferies Financial Group raised their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

B2Gold Stock Up 1.6 %

B2Gold stock opened at $2.48 on Thursday. The stock’s 50 day moving average price is $2.96 and its 200 day moving average price is $2.90. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The company has a market cap of $3.26 billion, a PE ratio of -4.43, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. B2Gold’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts predict that B2Gold will post 0.23 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

Institutional Trading of B2Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of B2Gold in the third quarter worth approximately $50,000. Virtu Financial LLC raised its stake in B2Gold by 26.8% during the third quarter. Virtu Financial LLC now owns 105,206 shares of the company’s stock worth $324,000 after purchasing an additional 22,232 shares during the period. Old West Investment Management LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at $670,000. Toronto Dominion Bank grew its stake in shares of B2Gold by 6.7% during the 3rd quarter. Toronto Dominion Bank now owns 530,740 shares of the company’s stock valued at $1,635,000 after buying an additional 33,194 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of B2Gold by 46.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after buying an additional 661,107 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.