B2Gold (NYSEAMERICAN:BTG) Stock Rating Upgraded by StockNews.com
B2Gold's stock rating has been upgraded from "hold" to "buy" by StockNews.com. Other analysts have also issued reports on the company, with two rating it as a hold and three rating it as a buy. B2Gold recently reported better-than-expected earnings for the quarter. The company operates gold mines in Mali, the Philippines, Namibia, and has interests in projects in Colombia and Calibre Mining Corp. Institutional investors own 61.4% of the company's stock. B2Gold's stock price opened at $2.96 on Tuesday.
B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Tuesday.
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Other research analysts have also issued research reports about the company. Jefferies Financial Group started coverage on B2Gold in a research report on Thursday, February 29th. They set a "buy" rating and a $3.50 price target for the company. CIBC lowered B2Gold from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Finally, Royal Bank of Canada lowered their price target on B2Gold from $4.00 to $3.50 and set a "sector perform" rating for the company in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $4.57.
Get Our Latest Stock Report on BTG
B2Gold Trading Up 1.9 %
NYSEAMERICAN BTG opened at $2.96 on Tuesday. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. The firm has a 50-day moving average of $2.84. The company has a market cap of $3.86 billion, a price-to-earnings ratio of -98.47, a PEG ratio of 1.65 and a beta of 1.10.
B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $461.40 million during the quarter, compared to analyst estimates of $453.81 million. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. B2Gold's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. As a group, equities research analysts forecast that B2Gold will post 0.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP grew its stake in shares of B2Gold by 82.3% in the 3rd quarter. Quantbot Technologies LP now owns 429,794 shares of the basic materials company's stock worth $1,242,000 after buying an additional 193,996 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of B2Gold by 20.3% in the 3rd quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company's stock worth $140,291,000 after buying an additional 8,177,437 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of B2Gold by 9.0% in the 3rd quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company's stock worth $450,601,000 after buying an additional 12,836,388 shares during the last quarter. Deutsche Bank AG grew its stake in shares of B2Gold by 10.2% in the 3rd quarter. Deutsche Bank AG now owns 4,958,471 shares of the basic materials company's stock worth $14,330,000 after buying an additional 457,456 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of B2Gold by 4.1% in the 3rd quarter. Gabelli Funds LLC now owns 4,712,600 shares of the basic materials company's stock worth $13,619,000 after buying an additional 186,600 shares during the last quarter. Institutional investors own 61.40% of the company's stock.
B2Gold Company Profile
(Get Free Report)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.
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