B2Gold Corp. (NYSE:BTG) Receives $4.12 Average Target Price from Brokerages

B2Gold Corp. (NYSE:BTG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.12.

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

B2Gold Trading Down 2.0 %

Shares of BTG traded down $0.05 during trading hours on Thursday, reaching $2.44. 17,066,916 shares of the company traded hands, compared to its average volume of 12,836,354. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -4.36, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. The company's fifty day moving average price is $2.98 and its two-hundred day moving average price is $2.90. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share 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 firm had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. Equities research analysts predict that B2Gold will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 6.56%. B2Gold's dividend payout ratio is -28.57%.

Institutional Investors Weigh In On B2Gold

Large investors have recently bought and sold shares of the business. E&G Advisors LP purchased a new stake in shares of B2Gold during the 3rd quarter valued at about $31,000. Private Advisor Group LLC bought a new position in B2Gold during the third quarter valued at approximately $33,000. Flow Traders U.S. LLC purchased a new stake in B2Gold in the third quarter worth approximately $35,000. HighTower Advisors LLC bought a new stake in B2Gold in the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. raised its stake 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 buying an additional 5,764 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

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.