Analysts Set B2Gold Corp. (NYSEAMERICAN:BTG) Target Price at $4.98

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $4.98.

A number of research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target for the company. CIBC downgraded shares of B2Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $4.20 to $3.60 in a research note on Thursday, January 25th.

B2Gold Trading Up 1.0 %

Shares of B2Gold stock opened at $2.54 on Friday. B2Gold has a 1-year low of $2.34 and a 1-year high of $4.40. The business’s 50-day moving average price is $2.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16. The company has a market capitalization of $3.30 billion, a PE ratio of 126.81, a price-to-earnings-growth ratio of 5.77 and a beta of 1.08.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $511.97 million for the quarter, compared to analyst estimates of $512.00 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. As a group, equities research analysts predict that B2Gold will post 0.2 EPS for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 annualized dividend and a yield of 6.31%. B2Gold’s dividend payout ratio (DPR) is currently 400.20%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its stake in B2Gold by 82.3% during the 3rd quarter. Quantbot Technologies LP now owns 429,794 shares of the basic materials company’s stock worth $1,242,000 after acquiring an additional 193,996 shares during the period. Van ECK Associates Corp raised its stake in B2Gold by 9.0% in the third quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock valued at $450,601,000 after purchasing an additional 12,836,388 shares in the last quarter. Deutsche Bank AG lifted its position in B2Gold by 10.2% during the third quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company’s stock worth $14,330,000 after purchasing an additional 457,456 shares during the period. Gabelli Funds LLC grew its stake in B2Gold by 4.1% during the third quarter. Gabelli Funds LLC now owns 4,712,600 shares of the basic materials company’s stock worth $13,619,000 after buying an additional 186,600 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in B2Gold in the 3rd quarter valued at about $98,000. Institutional investors own 61.40% of the company’s stock.

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.