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

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have received a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.1667.

A number of research analysts recently issued reports on BTG shares. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating 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 report on Monday, August 10th. Royal Bank Of Canada decreased their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price for the company in a research note on Monday, August 10th. Finally, Jefferies Financial Group cut their price target on B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, July 6th.

B2Gold Price Performance

BTG stock opened at $5.20 on Tuesday. 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 $6.87 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.34 and a beta of 0.66. The business’s 50-day moving average is $4.12 and its two-hundred day moving average is $4.65. B2Gold has a 1 year low of $3.57 and a 1 year high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 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 company 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 firm posted $0.12 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Analysts anticipate that B2Gold will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of B2Gold in the 2nd quarter valued at $37,000. Parkway Wealth Management Group LLC purchased a new stake in shares of B2Gold in the first quarter valued at about $51,000. Sanctuary Advisors LLC acquired a new position in shares of B2Gold in the second quarter valued at approximately $41,000. DGS Capital Management LLC acquired a new stake in shares of B2Gold in the 1st quarter worth $50,000. Finally, Ascentis Independent Advisors purchased a new position in shares of B2Gold during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

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.