Brokerages Set B2Gold Corp. (NYSEAMERICAN:BTG) Price Target at $4.85

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) have received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.85.

Several research firms recently commented on BTG. Royal Bank of Canada reduced their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Thursday, March 28th. Jefferies Financial Group began coverage on shares of B2Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $3.50 target price on the stock. Finally, CIBC downgraded shares of B2Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $4.20 to $3.60 in a research note on Thursday, January 25th.

Institutional Trading of B2Gold

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in B2Gold by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 2,343,623 shares of the basic materials company’s stock valued at $10,757,000 after buying an additional 103,507 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of B2Gold by 13.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 199,062 shares of the basic materials company’s stock worth $914,000 after acquiring an additional 24,045 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of B2Gold by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 577,840 shares of the basic materials company’s stock valued at $2,652,000 after acquiring an additional 30,187 shares during the last quarter. HighTower Advisors LLC raised its position in shares of B2Gold by 30.3% during the 1st quarter. HighTower Advisors LLC now owns 39,711 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 9,229 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its position in shares of B2Gold by 52.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 26,750 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 9,250 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Trading Down 0.4 %

NYSEAMERICAN:BTG opened at $2.60 on Wednesday. B2Gold has a twelve month low of $2.34 and a twelve month high of $4.29. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 130.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16. The company’s fifty day simple moving average is $2.90.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The company had revenue of $511.97 million for the quarter, compared to analyst estimates of $512.00 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, analysts predict that B2Gold will post 0.22 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s payout ratio is 400.20%.

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.