Brokerages Set B2Gold Corp. (NYSE:BTG) Target Price at $4.21

B2Gold Corp. (NYSE:BTG - Get Free Report) has been given an average recommendation of "Hold" by the nine research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.21.

Several research analysts recently weighed in on BTG shares. CIBC raised their target price on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Raymond James reaffirmed an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. Finally, Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th.

Institutional Investors Weigh In On B2Gold

Several hedge funds have recently bought and sold shares of BTG. Cantor Fitzgerald L. P. purchased a new stake in B2Gold in the 4th quarter worth about $25,000. Independent Wealth Network Inc. purchased a new stake in B2Gold in the 1st quarter worth about $28,000. Groupama Asset Managment purchased a new stake in B2Gold in the 4th quarter worth about $29,000. Schonfeld Strategic Advisors LLC purchased a new stake in B2Gold in the 4th quarter worth about $30,000. Finally, Kercheville Advisors LLC purchased a new stake in shares of B2Gold during the 1st quarter worth about $31,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Stock Performance

Shares of NYSE:BTG traded up $0.06 on Thursday, hitting $3.77. The company's stock had a trading volume of 46,397,964 shares, compared to its average volume of 27,250,988. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.83. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -7.85, a price-to-earnings-growth ratio of 0.33 and a beta of 0.44. The stock's 50-day moving average is $3.25 and its two-hundred day moving average is $2.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.06 earnings per share. The business's revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts forecast that B2Gold will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio is currently -17.02%.

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.