B2Gold’s (BTG) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of B2Gold (NYSE:BTG) in a research note released on Tuesday, Benzinga reports. They currently have a $3.75 price target on the stock.

Other research analysts also recently issued research reports about the company. CIBC upped their price objective on B2Gold from $3.40 to $3.50 and gave the company a neutral rating in a research note on Wednesday, July 10th. Jefferies Financial Group upped their price target on shares of B2Gold from $3.50 to $4.00 and gave the company a buy rating in a research report on Friday, July 12th. Scotiabank lowered shares of B2Gold from a strong-buy rating to a hold rating in a report on Friday, August 9th. StockNews.com upgraded B2Gold from a hold rating to a buy rating in a report on Saturday, August 17th. Finally, Cormark downgraded B2Gold from a moderate buy rating to a hold rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $3.75.

B2Gold Price Performance

Shares of B2Gold stock opened at $3.33 on Tuesday. The company has a 50 day moving average of $2.87. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of -110.83, a P/E/G ratio of 0.43 and a beta of 1.14. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74.

B2Gold (NYSE:BTG) last released its quarterly earnings data 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 for the quarter. On average, analysts expect that B2Gold will post 0.27 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 4.81%. B2Gold’s payout ratio is currently -533.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new position in B2Gold during the second quarter worth $40,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of B2Gold in the 2nd quarter valued at about $42,000. Concurrent Investment Advisors LLC acquired a new stake in shares of B2Gold in the 2nd quarter valued at about $57,000. Point72 DIFC Ltd increased its position in B2Gold by 16.6% in 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 in the last quarter. Finally, Raymond James Trust N.A. raised its stake in B2Gold by 69.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock worth $61,000 after buying an additional 9,258 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

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.