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

B2Gold Corp. (NYSE:BTG) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.12.

BTG has been the topic of several recent analyst reports. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday, March 20th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Institutional Trading of B2Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. PKO Investment Management Joint Stock Co acquired a new position in shares of B2Gold in the 4th quarter worth $1,516,000. Mackenzie Financial Corp boosted its position in shares of B2Gold by 56.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,019,331 shares of the company’s stock valued at $2,501,000 after purchasing an additional 368,961 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in B2Gold in the 4th quarter worth about $276,000. Vident Advisory LLC raised its holdings in B2Gold by 17.0% during the 4th quarter. Vident Advisory LLC now owns 315,546 shares of the company’s stock worth $770,000 after buying an additional 45,915 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in B2Gold by 15.7% during the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company’s stock valued at $50,448,000 after buying an additional 2,799,520 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

BTG opened at $2.65 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $2.76 and its 200-day moving average is $2.84. The stock has a market cap of $3.49 billion, a PE ratio of -5.52, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.50.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 3.02%. B2Gold’s dividend payout ratio (DPR) is -16.67%.

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.