Brokerages Set B2Gold Corp. (NYSE:BTG) Price Target at $4.12

B2Gold Corp. (NYSE:BTG) has received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.12.

BTG has been the subject of several research analyst reports. CIBC boosted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st.

B2Gold Trading Down 1.0 %

BTG opened at $2.85 on Friday. B2Gold has a 1-year low of $2.20 and a 1-year high of $3.50. The firm has a 50-day moving average price of $2.72 and a two-hundred day moving average price of $2.84. The stock has a market capitalization of $3.76 billion, a PE ratio of -5.94, a PEG ratio of 0.33 and a beta of 1.09. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.81%. B2Gold’s dividend payout ratio (DPR) is presently -16.67%.

Institutional Investors Weigh In On B2Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold during the 4th quarter worth about $25,000. Flow Traders U.S. LLC acquired a new position in B2Gold during the third quarter valued at approximately $35,000. HighTower Advisors LLC bought a new stake in B2Gold in the third quarter valued at approximately $36,000. Groupama Asset Managment bought a new stake in B2Gold in the fourth quarter valued at approximately $29,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in B2Gold in the fourth quarter worth $30,000. 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.