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

B2Gold Corp. (NYSE:BTG - Get Free Report) has been assigned a consensus rating of "Hold" from the eight research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.21.

BTG has been the subject of a number of recent analyst reports. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC boosted their price objective on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. National Bankshares reissued an "outperform" rating on shares of B2Gold in a report on Tuesday, June 24th. Finally, Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

B2Gold Stock Down 2.8%

NYSE BTG traded down $0.10 during mid-day trading on Monday, reaching $3.47. 53,283,393 shares of the company's stock traded hands, compared to its average volume of 29,789,822. B2Gold has a 1-year low of $2.20 and a 1-year high of $3.83. The company has a fifty day simple moving average of $3.42 and a 200-day simple moving average of $2.99. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.59 billion, a price-to-earnings ratio of -7.23, a P/E/G ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same quarter last year, the firm posted $0.06 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts expect that B2Gold will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is presently -17.02%.

Hedge Funds Weigh In On B2Gold

Institutional investors have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold during the fourth quarter valued at approximately $25,000. Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the first quarter worth approximately $28,000. Groupama Asset Managment acquired a new position in shares of B2Gold during the fourth quarter worth approximately $29,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of B2Gold during the fourth quarter worth approximately $30,000. Finally, Kercheville Advisors LLC acquired a new position in shares of B2Gold during the first quarter worth approximately $31,000. 61.40% of the stock is owned by institutional investors.

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.