B2Gold (NYSE:BTG) Upgraded to "Moderate Buy" at Raymond James Financial

B2Gold (NYSE:BTG - Get Free Report) was upgraded by investment analysts at Raymond James Financial to a "moderate buy" rating in a research note issued on Monday, MarketBeat reports. The brokerage presently has a $4.50 price target on the stock. Raymond James Financial's target price indicates a potential upside of 23.12% from the company's current price.

A number of other equities analysts have also commented on BTG. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Tuesday, June 24th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.21.

B2Gold Price Performance

B2Gold stock traded down $0.01 during midday trading on Monday, reaching $3.66. The company's stock had a trading volume of 4,475,310 shares, compared to its average volume of 29,052,965. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.83 billion, a PE ratio of -7.61, a price-to-earnings-growth ratio of 0.33 and a beta of 0.44. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.83. The business has a 50-day moving average price of $3.37 and a 200-day moving average price of $2.95.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The firm's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. On average, sell-side analysts predict that B2Gold will post 0.4 EPS for the current year.

Hedge Funds Weigh In On B2Gold

A number of institutional investors and hedge funds have recently made changes to their positions in BTG. Independent Wealth Network Inc. acquired a new position in B2Gold during the 1st quarter worth approximately $28,000. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold during the fourth quarter valued at approximately $25,000. Kercheville Advisors LLC acquired a new position in shares of B2Gold during the first quarter worth approximately $31,000. Walker Asset Management LLC bought a new position in shares of B2Gold in the 1st quarter worth $32,000. Finally, Groupama Asset Managment acquired a new stake in B2Gold in the 4th quarter valued at $29,000. Institutional investors own 61.40% of the company's stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.