Brokerages Set B2Gold Corp. (NYSEAMERICAN:BTG) Price Target at $4.85

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) have received an average rating of “Moderate Buy” from the four brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.85.

A number of research firms have recently weighed in on BTG. Royal Bank of Canada lowered their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. Jefferies Financial Group assumed coverage on B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price for the company. Finally, CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $4.20 to $3.60 in a research note on Thursday, January 25th.

B2Gold Price Performance

B2Gold stock opened at $2.56 on Wednesday. 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 firm has a market cap of $3.34 billion, a PE ratio of 128.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. B2Gold has a 1-year low of $2.34 and a 1-year high of $4.29. The stock has a fifty day simple moving average of $2.88.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. On average, equities research analysts anticipate that B2Gold will post 0.23 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.25%. B2Gold’s payout ratio is currently 400.20%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently modified their holdings of BTG. Independent Wealth Network Inc. purchased a new position in shares of B2Gold during the 1st quarter valued at about $26,000. Wesbanco Bank Inc. purchased a new position in shares of B2Gold during the 1st quarter valued at about $27,000. Stableford Capital II LLC purchased a new position in shares of B2Gold during the 1st quarter valued at about $34,000. C M Bidwell & Associates Ltd. purchased a new position in shares of B2Gold during the 3rd quarter valued at about $35,000. Finally, Private Advisor Group LLC purchased a new position in shares of B2Gold during the 4th quarter valued at about $38,000. Hedge funds and other 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.