B2Gold Corp. (NYSE:BTG) Receives Average Recommendation of “Hold” from Analysts

Shares of B2Gold Corp. (NYSE:BTG) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.25.

A number of equities analysts have commented on BTG shares. Scotiabank restated a “sector perform” rating on shares of B2Gold in a research report on Thursday, October 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $6.50 target price on shares of B2Gold in a research note on Wednesday, January 14th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, CIBC dropped their price target on B2Gold to $6.00 and set a “neutral” rating for the company in a report on Friday, November 21st.

B2Gold Stock Performance

Shares of NYSE:BTG opened at $5.20 on Friday. 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’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $4.35. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $5.94. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of -10.83, a price-to-earnings-growth ratio of 0.33 and a beta of 0.60.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was up 74.7% compared to the same quarter last year. As a group, analysts predict that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were paid a $0.02 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. B2Gold’s dividend payout ratio (DPR) is 57.14%.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD acquired a new stake in B2Gold in the 3rd quarter valued at about $31,000. Steward Partners Investment Advisory LLC grew its stake in shares of B2Gold by 875.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock valued at $35,000 after purchasing an additional 8,750 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of B2Gold in the second quarter valued at approximately $36,000. Sagard Holdings Management Inc. bought a new position in B2Gold in the 2nd quarter worth approximately $39,000. Finally, Comprehensive Money Management Services LLC bought a new position in B2Gold in the 2nd quarter worth approximately $40,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based gold producer headquartered in Vancouver, British Columbia. Founded in 2007, the company focuses on the acquisition, exploration, development and operation of gold mining properties in emerging markets. Since its inception, B2Gold has grown into a mid-tier producer with a portfolio of operating mines, advanced-stage development assets and exploration projects.

The company’s principal operations include the Fekola mine in Mali, the Otjikoto mine in Namibia, the Masbate mine in the Philippines and the La Libertad mine in Nicaragua.