B2Gold Corp. (NYSE:BTG) Receives Average Recommendation of “Hold” from Brokerages

Shares of B2Gold Corp. (NYSE:BTG) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $4.12.

BTG has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. CIBC boosted their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Jefferies Financial Group increased their price target on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

B2Gold Price Performance

BTG opened at $2.49 on Thursday. B2Gold has a one year low of $2.34 and a one year high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a market capitalization of $3.27 billion, a P/E ratio of -4.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. The business’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $2.90.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Analysts anticipate that B2Gold will post 0.23 EPS for the current year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 6.43%. B2Gold’s payout ratio is currently -28.57%.

Hedge Funds Weigh In On B2Gold

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