Brokerages Set B2Gold Corp. (NYSE:BTG) Target Price at $6.25

B2Gold Corp. (NYSE:BTG) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.25.

Several analysts have recently weighed in on BTG shares. CIBC raised their price objective on shares of B2Gold from $4.50 to $6.50 and gave the stock a “neutral” rating in a report on Friday, October 10th. Raymond James Financial boosted their price objective on B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, National Bankshares reiterated an “outperform” rating on shares of B2Gold in a research report on Wednesday, July 16th.

B2Gold Stock Performance

NYSE:BTG opened at $4.11 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.46 billion, a PE ratio of -8.56, a price-to-earnings-growth ratio of 0.33 and a beta of 0.44. B2Gold has a 12-month low of $2.20 and a 12-month high of $5.94. The firm has a 50-day moving average price of $4.76 and a 200 day moving average price of $3.96.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The firm’s revenue for the quarter was up 74.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. Research analysts anticipate that B2Gold will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently 57.14%.

Institutional Trading of B2Gold

Several hedge funds have recently added to or reduced their stakes in the business. Independent Wealth Network Inc. acquired a new position in shares of B2Gold in the 1st quarter valued at approximately $28,000. Mondrian Investment Partners LTD acquired a new stake in shares of B2Gold during the third quarter worth $31,000. Steward Partners Investment Advisory LLC lifted its position in B2Gold by 875.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock valued at $35,000 after acquiring an additional 8,750 shares in the last quarter. International Assets Investment Management LLC acquired a new position in B2Gold in the 2nd quarter worth $36,000. Finally, OMERS ADMINISTRATION Corp bought a new position in B2Gold during the 1st quarter worth about $38,000. 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.