B2Gold Corp. (NYSE:BTG) Given Average Rating of “Hold” by Analysts

Shares of B2Gold Corp. (NYSE:BTG) have received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.02.

BTG has been the subject of several recent analyst reports. CIBC lowered their target price on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On B2Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. E&G Advisors LP purchased a new stake in shares of B2Gold in the third quarter valued at approximately $31,000. Private Advisor Group LLC acquired a new stake in B2Gold in the 3rd quarter valued at $33,000. Flow Traders U.S. LLC acquired a new position in B2Gold during the third quarter worth $35,000. HighTower Advisors LLC purchased a new position in B2Gold during the third quarter valued at $36,000. Finally, Blue Trust Inc. grew its position in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after purchasing an additional 5,764 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

NYSE BTG opened at $2.39 on Monday. The business’s fifty day moving average is $2.64 and its 200 day moving average is $2.88. The company has a market capitalization of $3.14 billion, a PE ratio of -4.27, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a fifty-two week low of $2.32 and a fifty-two week high of $3.50.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. Sell-side analysts predict that B2Gold will post 0.23 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.69%. B2Gold’s payout ratio is currently -28.57%.

B2Gold Company Profile

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.