B2Gold (NYSEAMERICAN:BTG) Stock Rating Upgraded by StockNews.com

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other analysts have also issued reports on BTG. CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and cut their target price for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Jefferies Financial Group began coverage on B2Gold in a research report on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price on the stock. Finally, Royal Bank of Canada cut their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.57.

B2Gold Trading Down 2.4 %

BTG stock opened at $2.81 on Tuesday. The firm has a market cap of $3.67 billion, a P/E ratio of -93.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.92. The company has a 50-day simple moving average of $2.84.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $461.40 million during the quarter, compared to the consensus estimate of $453.81 million. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. B2Gold’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, equities analysts forecast that B2Gold will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On B2Gold

A number of institutional investors and hedge funds have recently made changes to their positions in BTG. First Eagle Investment Management LLC increased its holdings in B2Gold by 142.9% in the first quarter. First Eagle Investment Management LLC now owns 27,216,340 shares of the basic materials company’s stock valued at $71,360,000 after buying an additional 16,011,832 shares in the last quarter. Headlands Technologies LLC increased its holdings in B2Gold by 31.5% in the first quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock valued at $67,000 after buying an additional 6,174 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new position in B2Gold in the first quarter valued at about $54,000. SG Americas Securities LLC increased its holdings in B2Gold by 6.9% in the first quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock valued at $395,000 after buying an additional 9,723 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in B2Gold by 321.4% in the first quarter. Quantbot Technologies LP now owns 595,830 shares of the basic materials company’s stock valued at $1,555,000 after buying an additional 454,431 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.