B2Gold Corp (NYSEAMERICAN:BTG) Receives Average Rating of “Buy” from Analysts

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $6.50.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group dropped their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, July 6th. Raymond James Financial upped their price target on shares of B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a research note on Friday. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Monday, August 10th. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada cut their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently made changes to their positions in the stock. StoneX Group Inc. grew its position in B2Gold by 2.1% during the fourth quarter. StoneX Group Inc. now owns 118,518 shares of the basic materials company’s stock worth $535,000 after buying an additional 2,490 shares in the last quarter. Themes Management Co LLC grew its holdings in shares of B2Gold by 1.2% during the 1st quarter. Themes Management Co LLC now owns 230,260 shares of the basic materials company’s stock worth $1,046,000 after purchasing an additional 2,641 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of B2Gold by 17.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 4,236 shares during the period. Finally, Advyzon Investment Management LLC increased its position in shares of B2Gold by 12.6% in the fourth quarter. Advyzon Investment Management LLC now owns 52,209 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 5,842 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

B2Gold stock opened at $5.61 on Friday. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.39 and a beta of 0.73. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. B2Gold has a 12 month low of $3.57 and a 12 month high of $6.28. The stock’s 50 day moving average is $4.50 and its 200-day moving average is $4.68.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The firm had revenue of $789.35 million during the quarter, compared to the consensus estimate of $836.33 million. During the same quarter last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts expect that B2Gold will post 0.49 EPS for the current year.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.