B2Gold Corp. (NYSE:BTG) Given Consensus Rating of “Hold” by Analysts

B2Gold Corp. (NYSE:BTG) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $4.02.

A number of brokerages recently issued reports on BTG. CIBC lowered their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group increased their target price on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its holdings in shares of B2Gold by 94.7% during the second quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock valued at $232,000 after purchasing an additional 41,850 shares during the last quarter. Headlands Technologies LLC raised its stake in B2Gold by 32.8% during the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock valued at $92,000 after buying an additional 8,463 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after buying an additional 3,474,553 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of B2Gold in the second quarter worth $927,000. Finally, Rathbones Group PLC increased its position in B2Gold by 25.1% during the second quarter. Rathbones Group PLC now owns 101,122 shares of the company’s stock valued at $272,000 after acquiring an additional 20,317 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Up 0.4 %

BTG stock opened at $2.39 on Monday. B2Gold has a fifty-two week low of $2.32 and a fifty-two week high of $3.50. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -4.27, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. The business’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. During the same quarter last year, the company posted $0.05 EPS. B2Gold’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts forecast 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 issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

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.