B2Gold (NYSE:BTG) Upgraded at StockNews.com

StockNews.com upgraded shares of B2Gold (NYSE:BTG) from a hold rating to a buy rating in a research note issued to investors on Saturday.

BTG has been the topic of a number of other research reports. Cormark cut shares of B2Gold from a moderate buy rating to a hold rating in a research report on Monday, August 12th. CIBC lifted their target price on B2Gold from $3.40 to $3.50 and gave the stock a neutral rating in a report on Wednesday, July 10th. Jefferies Financial Group boosted their price target on B2Gold from $3.50 to $4.00 and gave the company a buy rating in a research note on Friday, July 12th. Cibc World Mkts raised shares of B2Gold from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. Finally, Scotiabank downgraded shares of B2Gold from a strong-buy rating to a hold rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, B2Gold has a consensus rating of Moderate Buy and a consensus price target of $3.75.

B2Gold Stock Performance

Shares of NYSE BTG opened at $2.75 on Friday. The stock has a 50 day moving average price of $2.77. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.46. The firm has a market cap of $3.59 billion, a P/E ratio of -91.67, a P/E/G ratio of 0.42 and a beta of 1.12.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 5.82%. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently modified their holdings of the company. Sei Investments Co. grew its position in B2Gold by 31.3% in the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock valued at $90,000 after purchasing an additional 7,974 shares during the period. Headlands Technologies LLC lifted its stake in shares of B2Gold by 32.8% in the second quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock valued at $92,000 after buying an additional 8,463 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of B2Gold by 69.3% during the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after buying an additional 9,258 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of B2Gold during the second quarter worth about $40,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of B2Gold in the 2nd quarter worth about $42,000. 61.40% of the stock is owned by institutional investors and hedge funds.

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.