B2Gold Corp (NYSEAMERICAN:BTG) Given Average Rating of "Buy" by Analysts

Key Points

• B2Gold has an average “Buy” rating from six analysts, with four buys, one strong buy and one hold. The average 12-month price target is $6.17, above the stock’s reported opening price of $5.06.
• Several analysts recently upgraded the stock, including TD Securities to “strong buy,” CIBC to “outperform” and Scotiabank to “sector outperform,” although RBC reduced its price target to $5.00.
• B2Gold’s latest quarter fell short of expectations, reporting $0.03 in EPS versus $0.07 expected and revenue of $789.35 million versus $836.33 million forecast; however, revenue increased 14% year over year.

B2Gold Corp (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO has been given an average rating of "Buy" by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.1667.

A number of equities analysts recently commented on BTG shares. Royal Bank Of Canada decreased their target price on B2Gold from $5.75 to $5.00 and set a "sector perform" rating for the company in a report on Thursday, July 9th. Scotiabank upgraded B2Gold from a "sector perform" rating to a "sector outperform" rating in a report on Monday. 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 report on Monday. TD Securities raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, ATB Cormark Capital Markets upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Monday.

B2Gold Stock Performance

B2Gold stock opened at $5.06 on Tuesday. The firm has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $4.65. B2Gold has a twelve month low of $3.48 and a twelve month high of $6.28. The company has a market capitalization of $6.68 billion, a PE ratio of 9.20, a P/E/G ratio of 0.41 and a beta of 0.66. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). B2Gold had a return on equity of 17.56% and a net margin of 21.47%.The company had revenue of $789.35 million during the quarter, compared to analysts' expectations of $836.33 million. During the same period last year, the firm earned $0.12 earnings per share. B2Gold's revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts expect that B2Gold will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in B2Gold by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company's stock valued at $1,749,000 after buying an additional 38,598 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in B2Gold by 22.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company's stock worth $1,900,000 after purchasing an additional 76,384 shares during the period. Ruffer LLP bought a new position in B2Gold in the 4th quarter worth $2,054,000. Kingswood Wealth Advisors LLC purchased a new position in B2Gold during the fourth quarter valued at $65,000. Finally, Concurrent Investment Advisors LLC lifted its position in B2Gold by 17.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company's stock valued at $118,000 after purchasing an additional 3,888 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.

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