B2Gold Corp. (NYSE:BTG) Receives $4.12 Consensus Target Price from Brokerages

B2Gold Corp. (NYSE:BTG) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $4.02.

Several brokerages recently weighed in on BTG. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. CIBC dropped their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group lifted their price objective on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th.

B2Gold Price Performance

BTG opened at $2.44 on Monday. The stock has a market capitalization of $3.21 billion, a P/E ratio of -4.36, a PEG ratio of 0.53 and a beta of 1.09. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.50. The stock has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.89. 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 (NYSE:BTG) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share 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 negative net margin of 38.42% and a positive return on equity of 7.53%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities analysts predict that B2Gold will post 0.23 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio is currently -28.57%.

Institutional Trading of B2Gold

Several large investors have recently modified their holdings of BTG. JPMorgan Chase & Co. grew its holdings in B2Gold by 525.1% during the third quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock valued at $1,594,000 after purchasing an additional 434,775 shares during the period. Sanctuary Advisors LLC bought a new position in shares of B2Gold in the third quarter worth about $50,000. Virtu Financial LLC boosted its stake in shares of B2Gold by 26.8% in the third quarter. Virtu Financial LLC now owns 105,206 shares of the company’s stock worth $324,000 after acquiring an additional 22,232 shares during the period. Old West Investment Management LLC bought a new position in shares of B2Gold in the third quarter worth about $670,000. Finally, Toronto Dominion Bank boosted its stake in shares of B2Gold by 6.7% in the third quarter. Toronto Dominion Bank now owns 530,740 shares of the company’s stock worth $1,635,000 after acquiring an additional 33,194 shares during the period. 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.