Brokerages Set B2Gold Corp. (NYSE:BTG) Price Target at $4.21

Shares of B2Gold Corp. (NYSE:BTG) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.21.

Several analysts have recently issued reports on BTG shares. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Raymond James reissued an “outperform” rating and set a $4.50 target price on shares of B2Gold in a report on Friday, April 4th. CIBC increased their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On B2Gold

Several large investors have recently bought and sold shares of BTG. Norges Bank bought a new position in B2Gold in the fourth quarter valued at about $40,192,000. American Century Companies Inc. raised its position in shares of B2Gold by 31.3% during the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock worth $55,436,000 after acquiring an additional 5,401,334 shares during the last quarter. Invesco Ltd. raised its position in shares of B2Gold by 32.7% during the fourth quarter. Invesco Ltd. now owns 15,987,385 shares of the company’s stock worth $39,009,000 after acquiring an additional 3,939,040 shares during the last quarter. Bank of America Corp DE raised its position in shares of B2Gold by 577.0% during the fourth quarter. Bank of America Corp DE now owns 4,519,757 shares of the company’s stock worth $11,028,000 after acquiring an additional 3,852,095 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of B2Gold by 15.7% during the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company’s stock worth $50,448,000 after acquiring an additional 2,799,520 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Stock Performance

BTG opened at $3.10 on Wednesday. The firm has a market cap of $4.09 billion, a P/E ratio of -6.46, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. B2Gold has a 52-week low of $2.20 and a 52-week high of $3.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The business’s fifty day moving average is $2.98 and its 200-day moving average is $2.83.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.58%. B2Gold’s dividend payout ratio is presently -16.67%.

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.