Analysts Set B2Gold Corp. (NYSE:BTG) Price Target at $4.12

Shares of B2Gold Corp. (NYSE:BTG) have earned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.02.

A number of equities research analysts have issued reports on the company. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. Jefferies Financial Group upped their price objective on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Cibc World Mkts downgraded 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 report on Friday, November 8th. Finally, CIBC decreased their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BTG. E&G Advisors LP bought a new position in B2Gold in the third quarter worth approximately $31,000. Private Advisor Group LLC bought a new position in B2Gold in the third quarter worth approximately $33,000. Flow Traders U.S. LLC bought a new position in B2Gold in the third quarter worth approximately $35,000. HighTower Advisors LLC bought a new position in B2Gold in the third quarter worth approximately $36,000. Finally, Moors & Cabot Inc. grew its stake in B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

NYSE:BTG opened at $2.44 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 company has a market capitalization of $3.21 billion, a P/E ratio of -4.36, a P/E/G ratio of 0.53 and a beta of 1.09. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The business’s 50-day moving average is $2.66 and its 200 day moving average is $2.89.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 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 analysts’ expectations of $449.28 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. B2Gold’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities research 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. Stockholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.56%. B2Gold’s dividend 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.