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

Key Points

• Analysts are broadly bullish on B2Gold: Seven analysts give the stock a consensus “Buy” rating, with an average 12-month price target of $6.81.
• Institutional ownership is substantial: Institutional investors and hedge funds own 61.4% of B2Gold, with Deutsche Bank and Bank of America among those recently establishing significant positions.
• Recent results missed expectations: B2Gold reported quarterly EPS of $0.03 versus the $0.07 consensus estimate and revenue of $789.35 million versus expectations of $836.33 million, although revenue increased 14% year over year.

Shares of B2Gold Corp (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO have been given a consensus rating of "Buy" by the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $6.81.

Several research firms have recently issued reports on BTG. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Monday, August 10th. TD Securities upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Royal Bank Of Canada increased their price objective on shares of B2Gold from $5.00 to $6.25 and gave the company a "sector perform" rating in a research note on Wednesday, September 16th. Scotiabank upgraded shares of B2Gold from a "sector perform" rating to a "sector outperform" rating in a report on Monday, August 10th. Finally, Jefferies Financial Group dropped their target price on shares of B2Gold from $7.00 to $6.00 and set a "buy" rating for the company in a report on Monday, July 6th.

Institutional Trading of B2Gold

Several large investors have recently modified their holdings of BTG. Deutsche Bank AG purchased a new stake in B2Gold in the 2nd quarter valued at approximately $63,960,000. Bank of America Corp DE acquired a new stake in B2Gold during the 2nd quarter valued at $31,985,000. Alberta Investment Management Corp acquired a new stake in B2Gold during the 2nd quarter valued at $1,346,000. Persistent Asset Partners Ltd purchased a new position in B2Gold during the second quarter worth $781,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in B2Gold during the first quarter worth $1,630,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Stock Performance

Shares of BTG stock opened at $4.78 on Friday. The stock has a fifty day moving average price of $5.33 and a 200 day moving average price of $4.73. The stock has a market cap of $6.31 billion, a PE ratio of 8.69, a P/E/G ratio of 0.29 and a beta of 0.70. B2Gold has a 1 year low of $3.57 and a 1 year high of $6.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.58 and a current ratio of 1.58.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its 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 17.05% and a net margin of 21.47%. The firm had revenue of $789.35 million for the quarter, compared to analysts' expectations of $836.33 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that B2Gold will post 0.53 earnings per share for the current fiscal year.

About B2Gold

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company's activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold's principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.

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