B2Gold Corp. (NYSE:BTG) Receives $4.21 Consensus Price Target from Analysts

Shares of B2Gold Corp. (NYSE:BTG) have received an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.21.

Several analysts recently issued reports on BTG shares. National Bankshares restated an “outperform” rating on shares of B2Gold in a research note on Wednesday, April 2nd. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. Raymond James reissued an “outperform” rating and set a $4.50 target price on shares of B2Gold in a report on Friday, April 4th. Wall Street Zen raised B2Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Finally, Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th.

B2Gold Price Performance

Shares of BTG opened at $3.70 on Thursday. The stock has a market capitalization of $4.89 billion, a P/E ratio of -7.71, a P/E/G ratio of 0.33 and a beta of 0.44. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.83. The company has a 50 day moving average of $3.25 and a 200-day moving average of $2.87. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, equities research analysts forecast that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, June 11th. B2Gold’s dividend payout ratio (DPR) is currently -17.02%.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of B2Gold by 23.7% during the third quarter. Barclays PLC now owns 910,558 shares of the company’s stock valued at $2,804,000 after buying an additional 174,477 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in B2Gold by 146.3% during the fourth quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock worth $1,333,000 after purchasing an additional 324,491 shares during the last quarter. Sprott Inc. boosted its holdings in B2Gold by 10.1% during the fourth quarter. Sprott Inc. now owns 3,081,222 shares of the company’s stock worth $7,518,000 after purchasing an additional 282,774 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in B2Gold in the fourth quarter valued at about $123,000. Finally, DJE Kapital AG purchased a new position in B2Gold in the fourth quarter valued at about $2,036,000. Institutional investors 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.