B2Gold (NYSEAMERICAN:BTG) Price Target Raised to $6.25

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) had its price target hoisted by research analysts at Royal Bank Of Canada from $5.00 to $6.25 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.27% from the stock’s current price.

Several other research firms also recently commented on BTG. Jefferies Financial Group reduced their price objective on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, July 6th. Raymond James Financial raised their target price on B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a report on Friday, September 4th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold presently has an average rating of “Buy” and a consensus price target of $6.81.

B2Gold Stock Up 0.4%

BTG stock traded up $0.02 during midday trading on Wednesday, hitting $5.24. The company’s stock had a trading volume of 8,271,880 shares, compared to its average volume of 30,994,168. The firm’s 50-day moving average is $4.70 and its 200-day moving average is $4.66. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. B2Gold has a 12 month low of $3.57 and a 12 month high of $6.28. The company has a market cap of $6.91 billion, a PE ratio of 9.53, a P/E/G ratio of 0.36 and a beta of 0.73.

B2Gold (NYSEAMERICAN:BTG) (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 business had revenue of $789.35 million during the quarter, compared to the consensus estimate of $836.33 million. During the same period in the previous year, the business posted $0.12 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that B2Gold will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On B2Gold

Several institutional investors have recently bought and sold shares of BTG. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold in the 2nd quarter valued at about $37,000. Parkway Wealth Management Group LLC purchased a new position in shares of B2Gold during the first quarter valued at approximately $51,000. Sanctuary Advisors LLC bought a new position in shares of B2Gold during the second quarter valued at approximately $41,000. DGS Capital Management LLC purchased a new stake in shares of B2Gold in the first quarter worth approximately $50,000. Finally, Ascentis Independent Advisors purchased a new position in B2Gold during the 1st quarter valued at $50,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based gold producer engaged in the exploration, development, and operation of gold mines. The company produces gold doré and sells its output to refiners and other customers. Its portfolio includes the Fekola complex in Mali, the Masbate mine in the Philippines, and the Otjikoto mine in Namibia.

Founded in 2007 by former executives of Bema Gold Corporation, B2Gold has grown from an exploration and development company into an international gold producer. In addition to operating mines, the company conducts exploration and evaluates development opportunities intended to expand and sustain its production base.

B2Gold is headquartered in Vancouver, British Columbia, and has operations and projects across Africa, Asia, and other regions.