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

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) has been given an average rating of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.81.

Several brokerages have commented on BTG. Royal Bank Of Canada lifted their target price on B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Raymond James Financial boosted their target price on shares of B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a report on Friday, September 4th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price for the company in a 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BTG. Pale Fire Capital SE grew its holdings in B2Gold by 77.4% during the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock worth $315,923,000 after buying an additional 30,428,530 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of B2Gold by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after purchasing an additional 1,315,923 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in B2Gold during the second quarter worth about $107,805,000. Deutsche Bank AG bought a new position in shares of B2Gold during the 2nd quarter worth approximately $63,960,000. Finally, Bank of America Corp DE lifted its position in shares of B2Gold by 9.9% during the 1st quarter. Bank of America Corp DE now owns 12,049,614 shares of the basic materials company’s stock worth $54,585,000 after buying an additional 1,088,119 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Stock Down 7.8%

Shares of NYSEAMERICAN BTG opened at $4.60 on Friday. 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 current ratio of 1.58 and a quick ratio of 0.58. The firm has a market cap of $6.07 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.70. The company has a 50 day simple moving average of $5.29 and a 200 day simple moving average of $4.83.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $789.35 million for the quarter, compared to the consensus estimate of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. B2Gold’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. On average, research analysts forecast that B2Gold will post 0.55 EPS for the current year.

B2Gold Company Profile

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.