B2Gold Corp. (NYSE:BTG) Receives Average Rating of “Hold” from Brokerages

B2Gold Corp. (NYSE:BTG) has received an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.02.

A number of research firms recently commented on BTG. CIBC decreased their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st.

Institutional Trading of B2Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of BTG. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold in the 4th quarter worth $25,000. Private Advisor Group LLC bought a new stake in shares of B2Gold in the 3rd quarter worth $33,000. Flow Traders U.S. LLC bought a new stake in shares of B2Gold in the 3rd quarter worth $35,000. HighTower Advisors LLC bought a new stake in shares of B2Gold in the 3rd quarter worth $36,000. Finally, Groupama Asset Managment bought a new stake in shares of B2Gold in the 4th quarter worth $29,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Stock Performance

B2Gold stock opened at $2.60 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company has a market cap of $3.43 billion, a PE ratio of -5.42, a P/E/G ratio of 0.33 and a beta of 1.09. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.50. The company has a fifty day moving average price of $2.56 and a two-hundred day moving average price of $2.81.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 3.08%. B2Gold’s dividend payout ratio is currently -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.