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

Shares of B2Gold Corp. (NYSE:BTG) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.12.

A number of brokerages recently weighed in on BTG. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Jefferies Financial Group lifted their price target on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th.

B2Gold Trading Down 0.8 %

BTG stock opened at $3.30 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The stock has a market cap of $4.33 billion, a PE ratio of -29.95, a PEG ratio of 2.81 and a beta of 1.15. The business’s 50-day moving average price is $3.13.

B2Gold (NYSE:BTG) last released its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The business had revenue of $492.57 million for the quarter. Sell-side analysts forecast that B2Gold will post 0.25 EPS for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio is currently -145.44%.

Institutional Trading of B2Gold

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC raised its stake in B2Gold by 133.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock valued at $5,334,000 after buying an additional 1,131,534 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of B2Gold in the 2nd quarter valued at approximately $40,000. DekaBank Deutsche Girozentrale acquired a new stake in B2Gold in the 2nd quarter worth approximately $927,000. Equinox Partners Investment Management LLC grew its position in B2Gold by 31.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after purchasing an additional 1,450,000 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in B2Gold by 69.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after purchasing an additional 9,258 shares in the last quarter. Institutional investors and hedge funds 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.