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

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $6.81.

A number of equities research analysts have weighed in on BTG shares. Raymond James Financial raised their price objective on B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a research note on Friday, September 4th. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price on the stock in a research report on Monday, August 10th. Jefferies Financial Group reduced their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note 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. Finally, ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th.

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $5.20 on Wednesday. The firm has a 50-day moving average of $5.10 and a two-hundred day moving average of $4.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The stock has a market cap of $6.86 billion, a P/E ratio of 9.45, a PEG ratio of 0.36 and a beta of 0.70. B2Gold has a 1-year low of $3.57 and a 1-year high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results 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 business had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, research analysts expect that B2Gold will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On B2Gold

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold during the second quarter worth about $37,000. Sanctuary Advisors LLC bought a new stake in shares of B2Gold in the 2nd quarter valued at approximately $41,000. GSA Capital Partners LLP bought a new stake in B2Gold during the second quarter valued at $43,000. DGS Capital Management LLC acquired a new stake in B2Gold during the first quarter worth about $50,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of B2Gold during the 1st quarter worth approximately $50,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

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.