B2Gold Corp. (NYSE:BTG) Given Average Recommendation of “Moderate Buy” by Brokerages

B2Gold Corp. (NYSE:BTG) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $3.75.

BTG has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on shares of B2Gold from $3.50 to $3.75 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. CIBC upped their target price on B2Gold from $3.40 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, Cibc World Mkts raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th.

B2Gold Price Performance

BTG opened at $3.33 on Tuesday. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.46. The firm has a market cap of $4.35 billion, a PE ratio of -111.00, a P/E/G ratio of 0.43 and a beta of 1.14. The stock has a 50 day moving average price of $2.85. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG) last posted its earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm had revenue of $492.57 million during the quarter. Research analysts expect that B2Gold will post 0.27 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is -533.33%.

Institutional Investors Weigh In On B2Gold

A number of institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd grew its position in shares of B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after buying an additional 3,053 shares during the last quarter. KPP Advisory Services LLC grew its holdings in shares of B2Gold by 53.6% during the second quarter. KPP Advisory Services LLC now owns 35,250 shares of the company’s stock valued at $95,000 after purchasing an additional 12,300 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of B2Gold by 80.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock valued at $19,957,000 after purchasing an additional 3,311,970 shares during the last quarter. AXA S.A. raised its position in shares of B2Gold by 546.4% during the 2nd quarter. AXA S.A. now owns 374,901 shares of the company’s stock worth $1,012,000 after purchasing an additional 316,901 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in B2Gold by 9.8% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 203,709 shares of the company’s stock valued at $550,000 after purchasing an additional 18,125 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.