B2Gold (NYSE:BTG) Given New $3.60 Price Target at CIBC

B2Gold (NYSE:BTG) had its price target increased by CIBC from $3.30 to $3.60 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Down 2.7 %

Shares of NYSE BTG opened at $3.21 on Thursday. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.50. The stock has a market cap of $4.23 billion, a PE ratio of -6.69, a P/E/G ratio of 0.33 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $2.64 and a 200 day moving average of $2.83.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.49%. B2Gold’s payout ratio is currently -16.67%.

Hedge Funds Weigh In On B2Gold

Hedge funds have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. purchased a new position in shares of B2Gold during the 4th quarter worth approximately $25,000. Groupama Asset Managment purchased a new position in shares of B2Gold during the 4th quarter worth approximately $29,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of B2Gold during the 4th quarter worth approximately $30,000. Signaturefd LLC boosted its position in shares of B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock worth $32,000 after purchasing an additional 8,250 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in shares of B2Gold during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors 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.