TD Securities upgraded shares of B2Gold (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.
A number of other equities research analysts have also recently commented on BTG. Scotiabank raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday. Canadian Imperial Bank of Commerce raised B2Gold from a “neutral” rating to an “outperform” rating and set a $7.50 price objective for the company in a report on Monday. Jefferies Financial Group decreased their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, Royal Bank Of Canada dropped their price target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.17.
Get Our Latest Stock Analysis on B2Gold
B2Gold Trading Up 0.6%
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. B2Gold had a return on equity of 17.56% and a net margin of 21.47%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. Equities research analysts predict that B2Gold will post 0.58 EPS for the current year.
Institutional Investors Weigh In On B2Gold
Several institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of B2Gold by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after acquiring an additional 38,598 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of B2Gold by 22.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after purchasing an additional 76,384 shares during the period. Ruffer LLP purchased a new stake in B2Gold during the 4th quarter worth about $2,054,000. Kingswood Wealth Advisors LLC purchased a new stake in B2Gold during the 4th quarter worth about $65,000. Finally, Concurrent Investment Advisors LLC boosted its stake in B2Gold by 17.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.
B2Gold Company Profile
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.
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