B2Gold Corp (NYSEAMERICAN:BTG) Given Average Rating of “Buy” by Brokerages

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.50.

A number of equities research analysts have recently issued reports on BTG shares. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th. Scotiabank raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. Jefferies Financial Group lowered their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Raymond James Financial boosted their price target on B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada dropped their price objective on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th.

B2Gold Price Performance

NYSEAMERICAN:BTG opened at $5.61 on Friday. B2Gold has a 52-week low of $3.57 and a 52-week high of $6.28. The company has a market cap of $7.41 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.39 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.58 and a current ratio of 1.58. The stock’s 50-day simple moving average is $4.50 and its 200 day simple moving average is $4.68.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $789.35 million for the quarter, compared to analyst estimates of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. As a group, sell-side analysts forecast that B2Gold will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On B2Gold

A number of large investors have recently added to or reduced their stakes in BTG. Northwestern Mutual Wealth Management Co. bought a new position in B2Gold during the second quarter worth $37,000. Parkway Wealth Management Group LLC bought a new position in shares of B2Gold in the first quarter valued at about $51,000. Sanctuary Advisors LLC bought a new position in shares of B2Gold in the second quarter valued at about $41,000. DGS Capital Management LLC acquired a new stake in shares of B2Gold during the 1st quarter worth about $50,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of B2Gold during the 1st quarter worth about $50,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

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.