Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.12.
Several analysts recently issued reports on BTG shares. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. StockNews.com upgraded B2Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 17th. Scotiabank downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Finally, Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday.
Get Our Latest Analysis on BTG
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its stake in shares of B2Gold by 133.8% during the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company's stock valued at $5,334,000 after acquiring an additional 1,131,534 shares during the period. Continuum Advisory LLC acquired a new position in shares of B2Gold during the 2nd quarter valued at $40,000. DekaBank Deutsche Girozentrale acquired a new position in shares of B2Gold during the 2nd quarter valued at $927,000. Equinox Partners Investment Management LLC raised its stake in shares of B2Gold by 31.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company's stock worth $16,185,000 after buying an additional 1,450,000 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of B2Gold by 69.3% in the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company's stock valued at $61,000 after buying an additional 9,258 shares during the period. 61.40% of the stock is currently owned by institutional investors.
Shares of NYSE:BTG opened at $3.13 on Friday. The business's fifty day simple moving average is $2.92. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.46. The firm has a market capitalization of $4.08 billion, a PE ratio of -104.17, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15.
B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The business had revenue of $492.57 million for the quarter. Sell-side analysts expect that B2Gold will post 0.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold's payout ratio is currently -533.33%.
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.
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