B2Gold (NYSE:BTG) PT Raised to $3.60

B2Gold (NYSE:BTG) had its price target lifted by CIBC from $3.30 to $3.60 in a research note published on Tuesday, MarketBeat.com reports. CIBC currently has a neutral rating on the stock.

Several other analysts have also weighed in on BTG. Cibc World Mkts upgraded shares of B2Gold from a hold rating to a strong-buy rating in a research note on Wednesday, August 14th. StockNews.com raised shares of B2Gold from a hold rating to a buy rating in a report on Saturday, August 17th. Jefferies Financial Group upped their target price on B2Gold from $3.50 to $4.00 and gave the company a buy rating in a report on Friday, July 12th. Royal Bank of Canada reissued a sector perform rating and issued a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th. Finally, Scotiabank lowered B2Gold from a strong-buy rating to a hold rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $3.78.

B2Gold Price Performance

B2Gold stock opened at $3.21 on Tuesday. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. The stock has a market cap of $4.20 billion, a P/E ratio of -107.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The business’s fifty day moving average price is $2.90.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The business had revenue of $492.57 million for the quarter. Analysts forecast that B2Gold will post 0.25 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

Institutional Trading of B2Gold

A number of large investors have recently added to or reduced their stakes in BTG. American Century Companies Inc. increased its stake in B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after purchasing an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after buying an additional 3,311,970 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of B2Gold in the second quarter worth approximately $6,912,000. Equinox Partners Investment Management LLC raised its holdings in shares of B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after acquiring an additional 1,450,000 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in B2Gold by 133.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after purchasing an additional 1,131,534 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

About B2Gold

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.