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

Shares of B2Gold Corp. (NYSE:BTG) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.02.

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. CIBC decreased their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group upped their price objective 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. E&G Advisors LP purchased a new stake in shares of B2Gold in the 3rd quarter valued at $31,000. Private Advisor Group LLC purchased a new stake in B2Gold during the third quarter valued at about $33,000. Flow Traders U.S. LLC purchased a new position in shares of B2Gold in the third quarter worth about $35,000. HighTower Advisors LLC purchased a new position in shares of B2Gold in the third quarter worth about $36,000. Finally, Blue Trust Inc. boosted its holdings in B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after acquiring an additional 5,764 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

B2Gold stock opened at $2.39 on Monday. The firm has a market capitalization of $3.14 billion, a P/E ratio of -4.27, a PEG ratio of 0.26 and a beta of 1.09. B2Gold has a one year low of $2.32 and a one year high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The business has a fifty day moving average price of $2.64 and a 200-day moving average price of $2.88.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. During the same period in the previous year, the firm earned $0.05 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that B2Gold will post 0.23 EPS for the current year.

B2Gold Dividend Announcement

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

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.