Jefferies Financial Group Boosts B2Gold (NYSE:BTG) Price Target to $5.00

B2Gold (NYSE:BTG) had its price objective raised by Jefferies Financial Group from $4.00 to $5.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. Cibc World Mkts lowered shares of B2Gold from a strong-buy rating to a hold rating in a report on Tuesday, September 24th. Cormark cut B2Gold from a moderate buy rating to a hold rating in a report on Monday, August 12th. CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the stock a neutral rating in a research report on Tuesday, September 24th. Scotiabank downgraded B2Gold from a strong-buy rating to a hold rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.13 on Friday. The stock’s 50 day moving average is $2.92. The stock has a market capitalization of $4.09 billion, a P/E ratio of -104.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. B2Gold has a one year low of $2.34 and a one year high of $3.46.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. On average, analysts predict that B2Gold will post 0.25 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is -533.33%.

Institutional Investors Weigh In On B2Gold

Institutional investors have recently modified their holdings of the company. Continuum Advisory LLC purchased a new stake in B2Gold during the 2nd quarter worth approximately $40,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of B2Gold during the second quarter worth $42,000. Concurrent Investment Advisors LLC acquired a new stake in shares of B2Gold in the second quarter valued at $57,000. Point72 DIFC Ltd raised its stake in shares of B2Gold by 16.6% in the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after acquiring an additional 3,053 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in B2Gold by 69.3% in the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after purchasing an additional 9,258 shares during the period. 61.40% of the stock is 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.