B2Gold (NYSE:BTG) Price Target Raised to $3.60

B2Gold (NYSE:BTG) had its price target upped by CIBC from $3.30 to $3.60 in a report published on Tuesday, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently commented on the company. StockNews.com raised B2Gold from a hold rating to a buy rating in a research note on Saturday, August 17th. Royal Bank of Canada reissued a sector perform rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Scotiabank downgraded B2Gold from a strong-buy rating to a hold rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their price target on B2Gold from $3.50 to $4.00 and gave the company a buy rating in a research note on Friday, July 12th. Finally, Cibc World Mkts raised B2Gold from a hold rating to a strong-buy rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $3.78.

B2Gold Stock Up 2.5 %

BTG stock opened at $3.33 on Tuesday. The firm has a market cap of $4.35 billion, a P/E ratio of -111.00, a P/E/G ratio of 0.54 and a beta of 1.14. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The company has a fifty day moving average of $2.89.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. Research analysts anticipate that B2Gold will post 0.25 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

Hedge Funds Weigh In On B2Gold

Several hedge funds have recently modified their holdings of BTG. Continuum Advisory LLC bought a new position in shares of B2Gold in the 2nd quarter valued at about $40,000. Baader Bank Aktiengesellschaft bought a new position in shares of B2Gold in the 2nd quarter valued at about $42,000. Concurrent Investment Advisors LLC bought a new position in shares of B2Gold in the 2nd quarter valued at about $57,000. Point72 DIFC Ltd grew its holdings in shares of B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after acquiring an additional 3,053 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of B2Gold by 69.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after acquiring an additional 9,258 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

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.