B2Gold Corp. (NYSE:BTG) Receives $6.00 Average Price Target from Analysts

B2Gold Corp. (NYSE:BTG) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $6.00.

A number of analysts have recently commented on BTG shares. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a report on Thursday, October 23rd. Raymond James Financial upped their price objective on B2Gold from $4.75 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, CIBC cut their target price on shares of B2Gold to $6.00 and set a “neutral” rating for the company in a report on Friday, November 21st.

B2Gold Trading Down 1.1%

Shares of B2Gold stock opened at $4.51 on Monday. The stock has a market cap of $6.04 billion, a PE ratio of -9.40, a price-to-earnings-growth ratio of 0.33 and a beta of 0.59. The firm has a fifty day moving average price of $4.45 and a 200 day moving average price of $4.24. B2Gold has a 1 year low of $2.20 and a 1 year high of $5.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The business’s quarterly revenue was up 74.7% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. Equities research analysts predict that B2Gold will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.8%. B2Gold’s payout ratio is presently 57.14%.

Institutional Investors Weigh In On B2Gold

A number of institutional investors have recently modified their holdings of BTG. Hussman Strategic Advisors Inc. grew its holdings in B2Gold by 70.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 340,000 shares of the company’s stock valued at $1,227,000 after purchasing an additional 140,000 shares during the period. Mackenzie Financial Corp raised its stake in shares of B2Gold by 39.5% during the 2nd quarter. Mackenzie Financial Corp now owns 1,508,316 shares of the company’s stock worth $5,453,000 after buying an additional 427,044 shares during the period. Franklin Resources Inc. lifted its position in shares of B2Gold by 2.4% during the 2nd quarter. Franklin Resources Inc. now owns 10,387,949 shares of the company’s stock valued at $37,556,000 after buying an additional 244,780 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in B2Gold by 119.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company’s stock valued at $123,897,000 after acquiring an additional 18,703,995 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in B2Gold in the 2nd quarter worth $1,258,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

About B2Gold

B2Gold Corp. is a Canadian-based gold producer headquartered in Vancouver, British Columbia. Founded in 2007, the company focuses on the acquisition, exploration, development and operation of gold mining properties in emerging markets. Since its inception, B2Gold has grown into a mid-tier producer with a portfolio of operating mines, advanced-stage development assets and exploration projects.

The company’s principal operations include the Fekola mine in Mali, the Otjikoto mine in Namibia, the Masbate mine in the Philippines and the La Libertad mine in Nicaragua.