Jefferies Financial Group Raises B2Gold (NYSE:BTG) Price Target to $4.00

B2Gold (NYSE:BTG) had its target price boosted by Jefferies Financial Group from $3.50 to $4.00 in a research report released on Friday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research analysts have also issued reports on BTG. CIBC raised their target price on shares of B2Gold from $3.40 to $3.50 and gave the company a neutral rating in a research note on Wednesday, July 10th. StockNews.com raised shares of B2Gold from a hold rating to a buy rating in a report on Friday, May 31st.

B2Gold Price Performance

BTG opened at $3.04 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.97 billion, a PE ratio of -101.30, a P/E/G ratio of 0.48 and a beta of 1.12. B2Gold has a one year low of $2.34 and a one year high of $3.83.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $461.44 million for the quarter. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. On average, equities analysts anticipate that B2Gold will post 0.28 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Tuesday, June 11th were paid a $0.04 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.26%. B2Gold’s dividend payout ratio (DPR) is presently -533.16%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in B2Gold stock. SG Americas Securities LLC grew its position in B2Gold Corp. (NYSE:BTG) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,373 shares of the company’s stock after purchasing an additional 33,113 shares during the period. SG Americas Securities LLC’s holdings in B2Gold were worth $498,000 at the end of the most recent reporting period. 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.