B2Gold Corp. (NYSE:BTG) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• B2Gold Corp. has received an average consensus rating of "Hold" from seven research firms, with recommendations varying from a sell to a strong buy.
• As of the latest reports, the average price target for B2Gold shares among analysts is $6.25, and the stock opened at $5.34.
• B2Gold recently declared a quarterly dividend of $0.02 per share, representing an annualized dividend yield of 1.5%.

B2Gold Corp. (NYSE:BTG - Get Free Report) has been given an average rating of "Hold" by the seven research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.25.

BTG has been the subject of several analyst reports. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. CIBC boosted their price objective on B2Gold from $4.50 to $6.50 and gave the stock a "neutral" rating in a research report on Friday, October 10th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Raymond James Financial boosted their price objective on B2Gold from $4.75 to $6.00 and gave the stock an "outperform" rating in a research report on Friday.

B2Gold Stock Performance

Shares of BTG stock opened at $5.34 on Wednesday. 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 business has a 50 day moving average of $4.40 and a two-hundred day moving average of $3.70. B2Gold has a 52 week low of $2.20 and a 52 week high of $5.40. The company has a market cap of $7.06 billion, a P/E ratio of -11.13, a PEG ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 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%. During the same period last year, the company earned $0.06 earnings per share. The firm's revenue was up 40.5% compared to the same quarter last year. As a group, analysts anticipate that B2Gold will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. B2Gold's payout ratio is currently -22.86%.

Hedge Funds Weigh In On B2Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC boosted its position in shares of B2Gold by 875.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock worth $35,000 after buying an additional 8,750 shares during the period. Independent Wealth Network Inc. acquired a new stake in B2Gold in the first quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in B2Gold in the second quarter worth approximately $36,000. Sagard Holdings Management Inc. acquired a new stake in B2Gold in the second quarter worth approximately $39,000. Finally, Kercheville Advisors LLC acquired a new stake in B2Gold in the first quarter worth approximately $31,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.