B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued on Friday, Benzinga reports. They currently have a $4.25 price objective on the basic materials company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 47.57% from the company’s previous close.
Several other research analysts have also recently issued reports on the stock. Scotiabank decreased their price objective on shares of B2Gold from C$8.00 to C$7.75 in a report on Friday, August 4th. StockNews.com assumed coverage on B2Gold in a report on Wednesday, August 23rd. They issued a “strong-buy” rating on the stock. Finally, TheStreet lowered B2Gold from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.42.
Read Our Latest Stock Analysis on BTG
B2Gold Stock Performance
Shares of NYSEAMERICAN BTG traded up $0.01 during mid-day trading on Friday, hitting $2.88. The stock had a trading volume of 2,707,148 shares, compared to its average volume of 8,427,943. B2Gold has a twelve month low of $2.83 and a twelve month high of $4.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.72 and a current ratio of 2.79. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 10.67 and a beta of 0.96. The stock’s 50 day moving average price is $3.80.
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $470.85 million for the quarter, compared to analyst estimates of $463.73 million. B2Gold had a net margin of 15.59% and a return on equity of 10.31%. The company’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. Equities research analysts predict that B2Gold will post 0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On B2Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sigma Planning Corp lifted its holdings in shares of B2Gold by 1,210.4% during the first quarter. Sigma Planning Corp now owns 189,739 shares of the basic materials company’s stock valued at $748,000 after acquiring an additional 175,259 shares during the period. Euro Pacific Asset Management LLC boosted its position in B2Gold by 2.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 3,465,293 shares of the basic materials company’s stock valued at $12,515,000 after buying an additional 96,962 shares in the last quarter. Sun Valley Gold LLC grew its stake in B2Gold by 32.0% during the first quarter. Sun Valley Gold LLC now owns 4,269,019 shares of the basic materials company’s stock worth $16,866,000 after buying an additional 1,035,800 shares during the last quarter. Natixis increased its holdings in shares of B2Gold by 14.7% during the fourth quarter. Natixis now owns 2,826,147 shares of the basic materials company’s stock worth $10,005,000 after buying an additional 361,765 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of B2Gold by 157.3% in the first quarter. Russell Investments Group Ltd. now owns 1,914,669 shares of the basic materials company’s stock valued at $7,586,000 after acquiring an additional 1,170,671 shares during the last quarter. 51.52% of the stock is owned by institutional investors.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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