B2Gold (NYSEAMERICAN:BTG) Shares Gap Up to $3.34

B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) gapped up prior to trading on Monday . The stock had previously closed at $3.34, but opened at $3.49. B2Gold shares last traded at $3.51, with a volume of 3,464,492 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BTG shares. Stifel Nicolaus reduced their target price on shares of B2Gold from C$7.25 to C$7.00 in a research note on Wednesday, November 23rd. National Bank Financial cut their price target on shares of B2Gold from C$6.75 to C$6.50 in a research report on Tuesday, February 28th. Royal Bank of Canada restated a “sector perform” rating and set a $4.25 target price on shares of B2Gold in a report on Wednesday, March 8th. CIBC downgraded shares of B2Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $4.75 in a report on Monday, January 30th. Finally, BMO Capital Markets dropped their target price on shares of B2Gold from C$7.50 to C$7.00 in a report on Thursday, January 19th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, B2Gold presently has an average rating of “Moderate Buy” and an average target price of $6.14.

B2Gold Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 5.21. The firm has a market cap of $3.79 billion, a PE ratio of 14.12 and a beta of 0.91.

B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) last posted its quarterly earnings data on Wednesday, February 22nd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). B2Gold had a net margin of 14.60% and a return on equity of 8.80%. The business had revenue of $592.47 million during the quarter, compared to analyst estimates of $592.00 million. Sell-side analysts predict that B2Gold Corp. will post 0.32 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Wednesday, March 8th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a yield of 4.53%. B2Gold’s dividend payout ratio (DPR) is 64.00%.

Hedge Funds Weigh In On B2Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTG. Mondrian Investment Partners LTD acquired a new stake in shares of B2Gold during the third quarter worth $25,000. Oppenheimer & Co. Inc. acquired a new position in B2Gold in the second quarter valued at about $35,000. Atria Wealth Solutions Inc. acquired a new position in B2Gold in the fourth quarter valued at about $36,000. Cantor Fitzgerald L. P. acquired a new position in B2Gold in the third quarter valued at about $37,000. Finally, Wesbanco Bank Inc. acquired a new position in B2Gold during the fourth quarter worth about $37,000. 52.20% of the stock is owned by institutional investors.

About B2Gold

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B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.