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

B2Gold Corp. (NYSE:BTG) has been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $4.12.

A number of brokerages recently weighed in on BTG. 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. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Jefferies Financial Group lifted their price target on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. CIBC lifted their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th.

B2Gold Stock Up 2.9 %

NYSE:BTG opened at $3.21 on Friday. The business’s 50-day moving average price is $2.93. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -107.00, a P/E/G ratio of 1.70 and a beta of 1.15. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.46. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

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

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 annualized dividend and a yield of 4.98%. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd lifted its holdings in shares of B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after buying an additional 3,053 shares during the last quarter. Creative Planning lifted its holdings in shares of B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after buying an additional 4,810 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of B2Gold by 31.3% during the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock valued at $90,000 after buying an additional 7,974 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of B2Gold by 32.8% during the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock valued at $92,000 after buying an additional 8,463 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of 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 buying an additional 9,258 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

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.