B2Gold (NYSE:BTG) Price Target Cut to $3.30 by Analysts at CIBC

B2Gold (NYSE:BTG) had its price target reduced by CIBC from $3.70 to $3.30 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on BTG. Jefferies Financial Group boosted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.02.

B2Gold Stock Up 0.8 %

Shares of NYSE BTG opened at $2.46 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $2.66 and its 200 day moving average is $2.89. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -4.39, a PEG ratio of 0.26 and a beta of 1.09. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, equities research analysts expect that B2Gold will post 0.23 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

Hedge Funds Weigh In On B2Gold

Hedge funds have recently bought and sold shares of the company. E&G Advisors LP bought a new position in B2Gold in the 3rd quarter worth about $31,000. Private Advisor Group LLC bought a new position in B2Gold in the 3rd quarter worth about $33,000. Flow Traders U.S. LLC bought a new position in B2Gold in the 3rd quarter worth about $35,000. HighTower Advisors LLC purchased a new position in B2Gold in the 3rd quarter worth about $36,000. Finally, Moors & Cabot Inc. raised its position in B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after buying an additional 3,500 shares during 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.