B2Gold Corp (NYSEAMERICAN:BTG) Stock Has Consensus Price Target of $6.81

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have received a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.81.

BTG has been the subject of a number of analyst reports. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research note on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. Jefferies Financial Group decreased their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Finally, Royal Bank Of Canada lifted their target price on shares of B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th.

Institutional Investors Weigh In On B2Gold

Several hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC grew its position in shares of B2Gold by 341.9% in the second quarter. Two Sigma Securities LLC now owns 236,275 shares of the basic materials company’s stock valued at $884,000 after purchasing an additional 182,811 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in B2Gold by 6.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 288,790 shares of the basic materials company’s stock valued at $1,080,000 after purchasing an additional 18,536 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in B2Gold in the second quarter valued at $1,524,000. Public Employees Retirement System of Ohio acquired a new position in B2Gold in the second quarter valued at $4,728,000. Finally, Capstone Investment Advisors LLC acquired a new position in B2Gold in the second quarter valued at $731,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Trading Down 1.8%

Shares of BTG stock opened at $4.78 on Friday. The firm has a 50-day moving average price of $5.33 and a 200 day moving average price of $4.73. B2Gold has a twelve month low of $3.57 and a twelve month high of $6.28. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.29 and a beta of 0.70. 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 (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 return on equity of 17.05% and a net margin of 21.47%. The firm had revenue of $789.35 million for the quarter, compared to analyst estimates of $836.33 million. During the same period in the prior year, the business earned $0.12 earnings per share. B2Gold’s revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts forecast that B2Gold will post 0.53 earnings per share for the current fiscal year.

B2Gold Company Profile

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company’s activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold’s principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.