B2Gold Corp. (NYSE:BTG) Given Consensus Recommendation of "Hold" by Brokerages

B2Gold Corp. (NYSE:BTG - Get Free Report) has been assigned a consensus rating of "Hold" from the seven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $4.02.

Several equities research analysts have recently commented on the company. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. CIBC lowered their price target on B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st.

Institutional Trading of B2Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Old West Investment Management LLC acquired a new position in B2Gold in the third quarter valued at about $670,000. FMR LLC raised its holdings in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company's stock worth $183,862,000 after buying an additional 438,399 shares in the last quarter. Invenomic Capital Management LP bought a new stake in shares of B2Gold during the 3rd quarter worth $2,636,000. Geode Capital Management LLC grew its position in B2Gold by 46.7% in the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock valued at $7,544,000 after acquiring an additional 661,107 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in B2Gold by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company's stock worth $294,000 after acquiring an additional 36,555 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.

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B2Gold Stock Down 1.5 %

BTG traded down $0.04 on Tuesday, hitting $2.68. 34,106,185 shares of the company were exchanged, compared to its average volume of 32,160,262. 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's fifty day moving average is $2.55 and its 200-day moving average is $2.82. The company has a market cap of $3.53 billion, a PE ratio of -5.58, a PEG ratio of 0.33 and a beta of 1.09. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.50.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 2.99%. B2Gold's dividend payout ratio (DPR) is presently -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.