CIBC Reiterates "Neutral" Rating for B2Gold (NYSE:BTG)

CIBC reiterated their neutral rating on shares of B2Gold (NYSE:BTG - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have a $4.00 price objective on the stock, up from their prior price objective of $3.60.

A number of other brokerages have also issued reports on BTG. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Tuesday, June 24th. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 target price on the stock in a research report on Monday, June 30th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.31.

B2Gold Stock Performance

Shares of NYSE:BTG traded down $0.09 during midday trading on Tuesday, hitting $3.33. The company had a trading volume of 17,406,467 shares, compared to its average volume of 30,125,344. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company has a market cap of $4.40 billion, a price-to-earnings ratio of -6.93, a PEG ratio of 0.33 and a beta of 0.45. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.83. The company has a fifty day moving average of $3.47 and a two-hundred day moving average of $3.02.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 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%. B2Gold's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. On average, equities research analysts expect that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th were paid a $0.02 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.41%. B2Gold's dividend payout ratio (DPR) is -17.02%.

Institutional Investors Weigh In On B2Gold

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

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.