B2Gold (NYSEAMERICAN:BTG) Price Target Raised to $7.50

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) had its price target increased by Raymond James Financial from $7.25 to $7.50 in a research report sent to investors on Friday,BayStreet reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other analysts also recently issued reports on the company. Scotiabank raised B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 10th. Jefferies Financial Group cut their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada lowered their price target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $6.50.

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $5.61 on Friday. The company’s 50-day moving average is $4.50 and its two-hundred day moving average is $4.67. B2Gold has a 1-year low of $3.57 and a 1-year high of $6.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.38 and a beta of 0.73.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts forecast that B2Gold will post 0.49 EPS for the current year.

Institutional Trading of B2Gold

A number of large investors have recently modified their holdings of the stock. StoneX Group Inc. increased its stake in shares of 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 during the period. Themes Management Co LLC lifted its stake in B2Gold by 1.2% in the first quarter. Themes Management Co LLC now owns 230,260 shares of the basic materials company’s stock worth $1,046,000 after acquiring an additional 2,641 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in B2Gold by 17.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,888 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in B2Gold by 17.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 4,236 shares in the last quarter. Finally, Advyzon Investment Management LLC grew its holdings in B2Gold by 12.6% during the 4th quarter. Advyzon Investment Management LLC now owns 52,209 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 5,842 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

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.