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

B2Gold Corp. (NYSE:BTG) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.21.

Several equities research analysts recently commented on BTG shares. Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Raymond James reaffirmed an “outperform” rating and set a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. CIBC raised their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd.

B2Gold Price Performance

Shares of BTG opened at $3.10 on Wednesday. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -6.46, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. The business has a 50-day moving average of $2.98 and a 200-day moving average of $2.83.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.58%. B2Gold’s payout ratio is -16.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of B2Gold by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company’s stock valued at $129,823,000 after purchasing an additional 1,165,204 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of B2Gold by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company’s stock valued at $66,335,000 after purchasing an additional 272,300 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of B2Gold by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company’s stock valued at $59,510,000 after purchasing an additional 130,638 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock valued at $55,436,000 after purchasing an additional 5,401,334 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of B2Gold by 15.7% in the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company’s stock valued at $50,448,000 after purchasing an additional 2,799,520 shares during the last quarter. Institutional investors and hedge funds 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.