B2Gold Corp. (NYSE:BTG) Receives $4.21 Average Price Target from Brokerages

Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.21.

A number of brokerages have recently issued reports on BTG. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. CIBC upped their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Raymond James reaffirmed an "outperform" rating and issued a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, National Bankshares reissued an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd.

Institutional Investors Weigh In On B2Gold

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of B2Gold in the 4th quarter worth about $40,192,000. Pale Fire Capital SE lifted its position in shares of B2Gold by 23.7% in the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company's stock worth $184,789,000 after purchasing an additional 12,419,383 shares during the period. Nuveen LLC purchased a new stake in shares of B2Gold in the 1st quarter worth about $24,949,000. American Century Companies Inc. lifted its position in shares of B2Gold by 31.3% in the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after purchasing an additional 5,401,334 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of B2Gold by 181.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company's stock worth $23,253,000 after purchasing an additional 5,262,266 shares during the period. Institutional investors own 61.40% of the company's stock.

B2Gold Trading Up 1.8%

Shares of B2Gold stock traded up $0.06 during trading on Friday, reaching $3.36. The company's stock had a trading volume of 42,293,325 shares, compared to its average volume of 24,811,762. B2Gold has a 52-week low of $2.20 and a 52-week high of $3.51. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -7.00, a PEG ratio of 0.33 and a beta of 0.43. The firm's 50-day moving average is $3.07 and its two-hundred day moving average is $2.79. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

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

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is presently -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.