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

B2Gold Corp. (NYSE:BTG - Get Free Report) has been given an average recommendation of "Hold" by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.12.

A number of brokerages have recently issued reports on BTG. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday.

B2Gold Stock Performance

NYSE:BTG traded up $0.05 during mid-day trading on Friday, reaching $2.95. The company's stock had a trading volume of 16,196,212 shares, compared to its average volume of 35,422,535. The stock has a market cap of $3.88 billion, a P/E ratio of -6.14, a PEG ratio of 0.33 and a beta of 1.09. The firm's fifty day moving average price is $2.73 and its two-hundred day moving average price is $2.84. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

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B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio is currently -16.67%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BTG. FMR LLC raised its position in B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company's stock valued at $183,862,000 after purchasing an additional 438,399 shares during the period. Vanguard Group Inc. lifted its stake in B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after acquiring an additional 1,165,204 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in B2Gold by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock valued at $66,335,000 after acquiring an additional 272,300 shares during the period. Dimensional Fund Advisors LP grew its position in B2Gold by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after acquiring an additional 130,638 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in B2Gold by 31.3% during the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after purchasing an additional 5,401,334 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

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.