B2Gold (NYSEAMERICAN:BTG) Price Target Raised to $6.25

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) had its target price lifted by Royal Bank Of Canada from $5.00 to $6.25 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the basic materials company’s stock.

Several other analysts have also issued reports on BTG. TD Securities raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Raymond James Financial upped their price objective on shares of B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price on the stock in a report on Monday, August 10th. Finally, Jefferies Financial Group dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $6.81.

B2Gold Stock Performance

BTG opened at $5.49 on Wednesday. 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. The business has a 50 day moving average of $4.80 and a 200-day moving average of $4.66. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.37 and a beta of 0.73.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data 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). The firm had revenue of $789.35 million for the quarter, compared to the consensus estimate of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, equities research analysts expect that B2Gold will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On B2Gold

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pale Fire Capital SE boosted its position in B2Gold by 77.4% during 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 acquiring an additional 30,428,530 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of B2Gold in the 2nd quarter worth approximately $107,805,000. Deutsche Bank AG bought a new position in shares of B2Gold in the 2nd quarter worth approximately $63,960,000. Norges Bank purchased a new position in shares of B2Gold in the 4th quarter valued at approximately $75,333,000. Finally, Bank of America Corp DE purchased a new position in shares of B2Gold in the 2nd quarter valued at approximately $31,985,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based gold producer engaged in the exploration, development, and operation of gold mines. The company produces gold doré and sells its output to refiners and other customers. Its portfolio includes the Fekola complex in Mali, the Masbate mine in the Philippines, and the Otjikoto mine in Namibia.

Founded in 2007 by former executives of Bema Gold Corporation, B2Gold has grown from an exploration and development company into an international gold producer. In addition to operating mines, the company conducts exploration and evaluates development opportunities intended to expand and sustain its production base.

B2Gold is headquartered in Vancouver, British Columbia, and has operations and projects across Africa, Asia, and other regions.