B2Gold Corp. (NYSE:BTG) Given Average Rating of "Hold" by Brokerages

Key Points

• B2Gold Corp. (NYSE:BTG) has received an average analyst recommendation of "Hold", with one sell, five hold, two buy, and one strong buy ratings from nine analysts.
• The company's recent quarterly earnings fell slightly below expectations, reporting $0.12 per share against a consensus estimate of $0.13, despite a 40.5% increase in year-over-year revenue.
• B2Gold declared a quarterly dividend of $0.02, with an annualized yield of 2.0%, reflecting a payout ratio of -22.86%.

B2Gold Corp. (NYSE:BTG - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.3125.

A number of brokerages have recently issued reports on BTG. CIBC reaffirmed a "neutral" rating and issued a $4.00 target price (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Zacks Research cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a report on Monday, June 30th. Finally, National Bankshares reissued an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTG. Mariner LLC raised its holdings in B2Gold by 14.0% in the 4th quarter. Mariner LLC now owns 154,282 shares of the company's stock valued at $376,000 after acquiring an additional 18,974 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in B2Gold by 23.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 720,529 shares of the company's stock valued at $1,752,000 after acquiring an additional 135,948 shares during the period. Dimensional Fund Advisors LP raised its holdings in B2Gold by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after acquiring an additional 130,638 shares during the period. Tower Research Capital LLC TRC grew its position in shares of B2Gold by 109.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 50,467 shares of the company's stock worth $123,000 after purchasing an additional 26,379 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of B2Gold during the 4th quarter worth approximately $1,285,000. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Performance

Shares of BTG stock traded up $0.09 on Tuesday, reaching $4.13. The stock had a trading volume of 27,960,650 shares, compared to its average volume of 41,277,234. 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's 50-day moving average is $3.65 and its two-hundred day moving average is $3.30. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of -8.60, a P/E/G ratio of 0.33 and a beta of 0.39. B2Gold has a 12 month low of $2.20 and a 12 month high of $4.14.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) 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%. The business's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, research analysts expect that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio is currently -22.86%.

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.