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B2Gold Corp. Receives consensus rating of “Buy” from Analysts

Shares of B2Gold Corp. have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.28.

A number of research firms have recently commented on BTG. Scotiabank increased their price objective on B2Gold from C$8.00 to C$8.25 in a report on Tuesday, April 19th. Canaccord Genuity Group decreased their price objective on B2Gold from C$8.50 to C$8.00 in a research report on Thursday, January 27th. National Bank Financial increased their price objective on B2Gold from C$7.75 to C$8.50 in a research report on Wednesday, April 20th. Finally, Raymond James set a $6.00 price objective on B2Gold and gave the company an “outperform” rating in a research note on Thursday, May 5th.

BTG opened at $4.12 on Monday. B2Gold has a 12-month low of $3.30 and a 12-month high of $5.37. The company has a current ratio of 4.89, a quick ratio of 3.54 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.35 billion, a P/E ratio of 9.58 and a beta of 1.01.

B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) last issued its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. Equities analysts forecast that B2Gold will post 0.4 earnings per share for the current year.

Quarterly dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 17th. Stockholders of record on Wednesday, March 9th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Tuesday, March 8th. B2Gold’s dividend payout ratio is currently 37.21%.

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in shares of B2Gold by 2.3% during the first quarter. Van ECK Associates Corp now owns 112,291,382 shares of the basic materials company’s stock worth $515,417,000 after purchasing an additional 2,482,483 shares in the last quarter. Vanguard Group Inc. increased its holdings in B2Gold by 5.4% in the first quarter. Vanguard Group Inc. now owns 35,108,400 shares of the basic materials company’s stock valued at $161,147,000 after buying an additional 1,788,367 shares during the last quarter.

First Eagle Investment Management LLC increased its holdings in B2Gold by 13.9% in the first quarter. First Eagle Investment Management LLC now owns 24,813,175 shares of the basic materials company’s stock valued at $113,928,000 after buying an additional 3,026,070 shares during the last quarter. Norges Bank bought a new stake in B2Gold in the fourth quarter valued at about $45,659,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of B2Gold by 30.7% during the first quarter. Allianz Asset Management GmbH now owns 10,786,064 shares of the basic materials company’s stock valued at $49,567,000 after purchasing an additional 2,535,114 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

 

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