B2Gold's (BTG) Neutral Rating Reaffirmed at CIBC

B2Gold (NYSE:BTG - Get Free Report)'s stock had its "neutral" rating restated by CIBC in a note issued to investors on Tuesday, July 15th, MarketBeat.com reports. They presently have a $4.00 price target on the stock, up from their previous price target of $3.60. CIBC's price objective suggests a potential upside of 15.27% from the company's current price.

BTG has been the subject of several other research reports. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Tuesday, June 24th. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Finally, Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, B2Gold currently has an average rating of "Hold" and an average target price of $4.31.

B2Gold Stock Performance

B2Gold stock traded down $0.05 during trading hours on Tuesday, hitting $3.47. The company had a trading volume of 31,374,500 shares, compared to its average volume of 43,073,125. The firm has a market cap of $4.59 billion, a PE ratio of -7.23, a PEG ratio of 0.33 and a beta of 0.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold has a one year low of $2.20 and a one year high of $3.83. The firm has a 50-day moving average of $3.53 and a 200 day moving average of $3.07.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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%. B2Gold's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, sell-side analysts expect that B2Gold will post 0.4 earnings per share for the current year.

Institutional Trading of B2Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of B2Gold by 146.3% in the 4th quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company's stock worth $1,333,000 after buying an additional 324,491 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in B2Gold by 7.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 330,004 shares of the company's stock valued at $808,000 after buying an additional 23,073 shares during the period. HighTower Advisors LLC boosted its position in B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after buying an additional 5,288 shares during the period. Swiss National Bank boosted its position in B2Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 2,586,023 shares of the company's stock valued at $6,330,000 after buying an additional 15,600 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in B2Gold by 33.9% in the 4th quarter. Corient Private Wealth LLC now owns 84,642 shares of the company's stock worth $207,000 after purchasing an additional 21,439 shares in the last quarter. 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.