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

Shares of B2Gold Corp. (NYSE:BTG) have received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.3125.

Several analysts have weighed in on BTG shares. Raymond James Financial raised shares of B2Gold to a “moderate buy” rating and set a $4.50 price objective on the stock in a research note on Monday, June 30th. Zacks Research lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen raised B2Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. CIBC reissued a “neutral” rating and issued a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a research note on Tuesday, July 15th. Finally, National Bankshares restated an “outperform” rating on shares of B2Gold in a report on Wednesday, July 16th.

Institutional Trading of B2Gold

Several hedge funds have recently modified their holdings of the stock. Mariner LLC raised its position in B2Gold by 14.0% in the 4th quarter. Mariner LLC now owns 154,282 shares of the company’s stock worth $376,000 after purchasing an additional 18,974 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in B2Gold by 23.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 720,529 shares of the company’s stock valued at $1,752,000 after buying an additional 135,948 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 130,638 shares during the period. Tower Research Capital LLC TRC raised its position in shares of B2Gold by 109.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 50,467 shares of the company’s stock worth $123,000 after acquiring an additional 26,379 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of B2Gold during the fourth quarter valued at $1,285,000. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Up 2.2%

Shares of NYSE BTG opened at $4.13 on Tuesday. B2Gold has a 52-week low of $2.20 and a 52-week high of $4.14. 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 business has a fifty day moving average of $3.66 and a two-hundred day moving average of $3.31. The stock has a market cap of $5.46 billion, a PE ratio of -8.60, a PEG ratio of 0.33 and a beta of 0.39.

B2Gold (NYSE:BTG) last posted its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 prior year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 40.5% on a year-over-year basis. As a group, equities research analysts expect that B2Gold will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, September 10th. B2Gold’s dividend payout ratio (DPR) is presently -22.86%.

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.