B2Gold (NYSE:BTG) Raised to Buy at StockNews.com

StockNews.com upgraded shares of B2Gold (NYSE:BTG) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other research firms also recently weighed in on BTG. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. National Bankshares restated an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. CIBC increased their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, B2Gold has an average rating of “Moderate Buy” and an average price target of $4.21.

B2Gold Stock Performance

Shares of BTG opened at $3.02 on Thursday. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The company has a market capitalization of $3.99 billion, a PE ratio of -6.29, a PEG ratio of 0.33 and a beta of 0.43. The company’s 50 day moving average price is $3.02 and its 200 day moving average price is $2.82.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue was up 15.3% on a year-over-year basis. Research analysts expect that B2Gold will post 0.4 EPS for the current fiscal year.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold in the fourth quarter valued at approximately $25,000. Independent Wealth Network Inc. purchased a new stake in B2Gold in the first quarter worth approximately $28,000. Groupama Asset Managment bought a new position in shares of B2Gold during the 4th quarter valued at $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold in the 4th quarter valued at about $30,000. Finally, Kercheville Advisors LLC bought a new position in shares of B2Gold in the first quarter worth approximately $31,000. Hedge funds and other 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.