B2Gold Corp. (NYSE:BTG) Receives $6.00 Average Price Target from Analysts

B2Gold Corp. (NYSE:BTG) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.00.

Several analysts have recently issued reports on the stock. Raymond James Financial lifted their target price on shares of B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. CIBC decreased their price target on shares of B2Gold to $6.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Finally, Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th.

B2Gold Stock Down 0.2%

Shares of BTG opened at $4.50 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.03 billion, a P/E ratio of -9.38, a PEG ratio of 0.33 and a beta of 0.59. The stock’s 50 day moving average is $4.42 and its two-hundred day moving average is $4.25. B2Gold has a 12 month low of $2.20 and a 12 month high of $5.94.

B2Gold (NYSE:BTG) last released its quarterly earnings results 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 negative net margin of 33.12% and a positive return on equity of 5.65%. The firm’s quarterly revenue was up 74.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. Analysts predict that B2Gold will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd were issued a $0.02 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.8%. B2Gold’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Investors Weigh In On B2Gold

A number of large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in shares of B2Gold by 119.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company’s stock valued at $123,897,000 after buying an additional 18,703,995 shares during the last quarter. Norges Bank acquired a new stake in B2Gold in the 2nd quarter valued at about $60,516,000. Continental General Insurance Co. acquired a new stake in B2Gold in the 3rd quarter valued at about $29,524,000. Goldman Sachs Group Inc. lifted its stake in B2Gold by 181.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company’s stock worth $23,253,000 after purchasing an additional 5,262,266 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of B2Gold by 14.6% during the 3rd quarter. American Century Companies Inc. now owns 34,067,358 shares of the company’s stock worth $168,455,000 after purchasing an additional 4,336,881 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

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.