B2Gold (NYSEAMERICAN:BTG) Stock Price Up 13.2% – Time to Buy?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO)’s stock price traded up 13.2% on Friday . The company traded as high as $4.65 and last traded at $4.63. 10,889,843 shares traded hands during trading, a decline of 65% from the average session volume of 31,156,193 shares. The stock had previously closed at $4.09.

Analyst Ratings Changes

BTG has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group cut their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, B2Gold presently has an average rating of “Hold” and an average price target of $5.50.

B2Gold Stock Up 14.7%

The company has a 50 day moving average price of $4.03 and a two-hundred day moving average price of $4.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. The stock has a market cap of $6.20 billion, a PE ratio of 13.03, a PEG ratio of 0.33 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. During the same period last year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that B2Gold Corp will post 0.58 EPS for the current year.

Hedge Funds Weigh In On B2Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intact Investment Management Inc. increased its position in shares of B2Gold by 5,130.6% during the 4th quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock valued at $7,395,000 after purchasing an additional 1,611,000 shares during the last quarter. Ruffer LLP bought a new position in shares of B2Gold in the 4th quarter worth approximately $2,054,000. Easterly Investment Partners LLC boosted its holdings in shares of B2Gold by 3.9% in the fourth quarter. Easterly Investment Partners LLC now owns 2,934,687 shares of the basic materials company’s stock worth $13,235,000 after buying an additional 109,076 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of B2Gold by 56.6% in the first quarter. Bank of Nova Scotia now owns 1,507,589 shares of the basic materials company’s stock worth $6,848,000 after buying an additional 544,934 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of B2Gold in the first quarter worth approximately $1,630,000. Institutional investors own 61.40% of the company’s stock.

About B2Gold

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.