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

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.1667.

Several brokerages have recently commented on BTG. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “neutral” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research report on Monday. Royal Bank Of Canada dropped their target price on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group cut their price target on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, July 6th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday. Finally, Scotiabank upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday.

Institutional Trading of B2Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTG. GSA Capital Partners LLP purchased a new position in B2Gold in the 2nd quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $45,000. DGS Capital Management LLC bought a new stake in shares of B2Gold during the first quarter valued at approximately $50,000. Ascentis Independent Advisors purchased a new position in shares of B2Gold in the first quarter worth $50,000. Finally, Parkway Wealth Management Group LLC purchased a new position in shares of B2Gold in the first quarter worth $51,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

NYSEAMERICAN BTG opened at $5.06 on Tuesday. B2Gold has a 12 month low of $3.48 and a 12 month high of $6.28. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.41 and a beta of 0.66. The company’s 50 day moving average is $4.05 and its two-hundred day moving average is $4.65. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $0.07 by ($0.04). The firm 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 17.56%. B2Gold’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. As a group, research analysts anticipate that B2Gold will post 0.58 earnings per share for the current year.

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.