B2Gold Corp. (NYSE:BTG) Receives $6.25 Consensus Target Price from Brokerages

Shares of B2Gold Corp. (NYSE:BTG) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $6.25.

A number of analysts have weighed in on the stock. CIBC raised their target price on shares of B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research report on Friday, October 10th. Raymond James Financial raised 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. National Bankshares restated an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Zacks Research lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th.

B2Gold Stock Performance

NYSE BTG opened at $5.18 on Wednesday. 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 capitalization of $6.85 billion, a price-to-earnings ratio of -10.79, a P/E/G ratio of 0.33 and a beta of 0.45. The firm’s 50 day simple moving average is $4.59 and its 200 day simple moving average is $3.80. B2Gold has a 1 year low of $2.20 and a 1 year high of $5.94.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing 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%. During the same quarter last year, the business posted $0.06 earnings per share. B2Gold’s revenue for the quarter was up 40.5% compared to the same quarter last year. As a group, research analysts expect that B2Gold will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 10th. B2Gold’s payout ratio is -22.86%.

Hedge Funds Weigh In On B2Gold

Several hedge funds and other institutional investors have recently bought and sold shares of BTG. Arrowstreet Capital Limited Partnership increased its position in shares of B2Gold by 119.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company’s stock worth $123,897,000 after acquiring an additional 18,703,995 shares in the last quarter. Norges Bank bought a new stake in shares of B2Gold during the second quarter worth about $60,516,000. Pale Fire Capital SE increased its position in shares of B2Gold by 23.7% during the first quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company’s stock worth $184,789,000 after acquiring an additional 12,419,383 shares in the last quarter. Nuveen LLC bought a new stake in shares of B2Gold during the first quarter worth about $24,949,000. Finally, Goldman Sachs Group Inc. increased its position in shares of B2Gold by 181.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company’s stock worth $23,253,000 after acquiring an additional 5,262,266 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.