B2Gold (NYSEAMERICAN:BTG) Price Target Cut to $3.50 by Analysts at Royal Bank of Canada

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) had its target price lowered by Royal Bank of Canada from $4.00 to $3.50 in a report released on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

BTG has been the topic of several other reports. CIBC lowered shares of B2Gold from an outperform rating to a neutral rating and decreased their target price for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of B2Gold in a research report on Thursday, February 29th. They issued a buy rating and a $3.50 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $5.10.

B2Gold Stock Up 2.8 %

Shares of NYSEAMERICAN:BTG opened at $2.61 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. B2Gold has a 12-month low of $2.34 and a 12-month high of $4.40. The stock’s 50 day simple moving average is $2.95. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 130.57, a PEG ratio of 5.68 and a beta of 1.08.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. B2Gold’s revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, research analysts expect that B2Gold will post 0.2 EPS for the current year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 annualized dividend and a yield of 6.13%. B2Gold’s payout ratio is 400.20%.

Institutional Trading of B2Gold

A number of institutional investors have recently bought and sold shares of BTG. Norges Bank bought a new stake in shares of B2Gold in the 4th quarter valued at $50,125,000. Van ECK Associates Corp grew its holdings in B2Gold by 9.0% in the third quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company’s stock worth $450,601,000 after purchasing an additional 12,836,388 shares during the period. Intact Investment Management Inc. increased its stake in B2Gold by 332.9% in the third quarter. Intact Investment Management Inc. now owns 11,250,230 shares of the basic materials company’s stock valued at $32,302,000 after purchasing an additional 8,651,430 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of B2Gold by 20.3% during the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company’s stock valued at $140,291,000 after purchasing an additional 8,177,437 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of B2Gold by 159.3% during the 1st quarter. Two Sigma Investments LP now owns 13,262,384 shares of the basic materials company’s stock worth $52,254,000 after purchasing an additional 8,147,929 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

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.