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

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $6.81.

Several equities analysts have weighed in on the company. Raymond James Financial lifted their target price on B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a research note on Friday, September 4th. Jefferies Financial Group reduced their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price target on B2Gold from $5.00 to $6.25 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th.

B2Gold Price Performance

BTG opened at $5.21 on Wednesday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 9.47, a PEG ratio of 0.37 and a beta of 0.70. The stock has a fifty day moving average of $5.16 and a 200-day moving average of $4.66. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. B2Gold has a 12-month low of $3.57 and a 12-month high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities analysts forecast that B2Gold will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Pale Fire Capital SE lifted its stake in shares of B2Gold by 77.4% in the 1st quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock valued at $315,923,000 after purchasing an additional 30,428,530 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in B2Gold during the second quarter worth $107,805,000. Deutsche Bank AG bought a new position in B2Gold during the second quarter valued at about $63,960,000. Norges Bank bought a new position in B2Gold during the fourth quarter valued at about $75,333,000. Finally, Bank of America Corp DE acquired a new stake in shares of B2Gold in the second quarter worth about $31,985,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.