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

Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) have received a consensus recommendation of "Hold" from the six brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.12.

BTG has been the subject of a number of recent analyst reports. Cormark lowered B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. Cibc World Mkts cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Jefferies Financial Group increased their price objective on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Finally, CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th.

Hedge Funds Weigh In On B2Gold

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in B2Gold by 21.9% in the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company's stock valued at $498,000 after acquiring an additional 33,113 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in B2Gold during the second quarter worth approximately $42,000. Equinox Partners Investment Management LLC raised its stake in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company's stock valued at $16,185,000 after buying an additional 1,450,000 shares during the period. Continuum Advisory LLC bought a new stake in B2Gold in the second quarter valued at approximately $40,000. Finally, KG&L Capital Management LLC lifted its position in shares of B2Gold by 9.6% in the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company's stock valued at $560,000 after buying an additional 18,200 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of BTG stock remained flat at $3.43 on Wednesday. The company had a trading volume of 14,942,678 shares, compared to its average volume of 12,542,970. The business's fifty day moving average is $3.10. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50. The company has a market cap of $4.48 billion, a P/E ratio of -113.83, a P/E/G ratio of 1.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The company had revenue of $492.57 million for the quarter. On average, analysts predict that B2Gold will post 0.25 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold's dividend payout ratio (DPR) is presently -533.33%.

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.