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

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $6.81.

Several research firms have weighed in on BTG. Raymond James Financial lifted their target price on B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a report on Friday, September 4th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating 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 report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of B2Gold from $5.00 to $6.25 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Monday, August 10th.

B2Gold Stock Up 0.6%

B2Gold stock opened at $5.20 on Wednesday. B2Gold has a fifty-two week low of $3.57 and a fifty-two week 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 $6.86 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.35 and a beta of 0.70. The company’s 50 day simple moving average is $5.10 and its 200 day simple moving average is $4.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share 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 during the quarter, compared to analyst estimates of $836.33 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, sell-side analysts anticipate that B2Gold will post 0.49 EPS for the current year.

Institutional Trading of B2Gold

A number of institutional investors have recently modified their holdings of the company. Pale Fire Capital SE increased its position in shares of B2Gold by 77.4% in the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock valued at $315,923,000 after acquiring an additional 30,428,530 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in B2Gold in the second quarter valued at approximately $107,805,000. Deutsche Bank AG acquired a new position in shares of B2Gold during the 2nd quarter worth approximately $63,960,000. Norges Bank bought a new stake in shares of B2Gold during the 4th quarter worth approximately $75,333,000. Finally, Bank of America Corp DE bought a new stake in shares of B2Gold during the 2nd quarter worth approximately $31,985,000. 61.40% of the stock is currently owned by institutional investors.

About B2Gold

B2Gold Corp. is a Canadian gold producer engaged in the acquisition, development and operation of gold mines, as well as mineral exploration and project development. The company produces gold doré and sells its production through established precious-metals markets.

B2Gold’s operating portfolio has included the Fekola Complex in Mali, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia. The company also owns the Goose project in Nunavut, Canada, which it acquired through its purchase of Sabina Gold & Silver Corp.