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

Key Points

• B2Gold Corp. (NYSE:BTG) has received a consensus rating of "Hold" from analysts, with one sell, four hold, two buy, and one strong buy recommendations.
• The company's recent earnings report showed EPS of $0.12, missing estimates by $0.01, despite a 40.5% increase in revenue year-over-year.
• B2Gold has declared a $0.02 quarterly dividend to be paid on September 23rd, representing an annualized yield of 1.8%.

Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.50.

A number of research analysts have commented on BTG shares. Zacks Research downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price objective on the stock in a report on Monday, June 30th. National Bankshares restated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Finally, CIBC reaffirmed a "neutral" rating and set a $4.00 target price (up previously from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th.

B2Gold Trading Up 4.3%

Shares of NYSE:BTG traded up $0.21 during trading on Friday, reaching $4.97. 26,726,760 shares of the company were exchanged, compared to its average volume of 42,136,090. The business's fifty day simple moving average is $3.88 and its 200-day simple moving average is $3.48. The firm has a market capitalization of $6.57 billion, a PE ratio of -10.34, a P/E/G ratio of 0.33 and a beta of 0.42. B2Gold has a 12-month low of $2.20 and a 12-month high of $4.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

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

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. B2Gold's dividend payout ratio (DPR) is currently -22.86%.

Institutional Trading of B2Gold

A number of institutional investors have recently made changes to their positions in the business. Independent Wealth Network Inc. acquired a new position in B2Gold during the 1st quarter valued at about $28,000. Kercheville Advisors LLC purchased a new stake in shares of B2Gold during the first quarter worth about $31,000. Walker Asset Management LLC acquired a new position in shares of B2Gold during the first quarter valued at about $32,000. Steward Partners Investment Advisory LLC raised its position in shares of 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 purchasing an additional 8,750 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in B2Gold in the 2nd quarter worth approximately $36,000. 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.