B2Gold (NYSE:BTG) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of B2Gold (NYSE:BTG) to a moderate buy rating in a report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has $4.50 target price on the stock.

Several other equities analysts also recently commented on the stock. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Tuesday, June 24th. CIBC upped their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday, March 20th. Wall Street Zen upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.21.

B2Gold Price Performance

NYSE:BTG opened at $3.66 on Monday. B2Gold has a one year low of $2.20 and a one year high of $3.83. The company has a market cap of $4.84 billion, a P/E ratio of -7.63, a P/E/G ratio of 0.33 and a beta of 0.44. The firm’s fifty day moving average price is $3.37 and its two-hundred day moving average price is $2.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period in the prior year, the company earned $0.06 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts expect that B2Gold will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.19%. B2Gold’s dividend payout ratio (DPR) is currently -17.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold in the fourth quarter worth about $25,000. Independent Wealth Network Inc. bought a new position in shares of B2Gold in the first quarter worth about $28,000. Groupama Asset Managment bought a new position in B2Gold in the 4th quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC bought a new position in B2Gold in the 4th quarter valued at approximately $30,000. Finally, Kercheville Advisors LLC bought a new position in B2Gold in the 1st quarter valued at approximately $31,000. Institutional investors own 61.40% of the company’s stock.

About B2Gold

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.