B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) had its price target hoisted by equities researchers at Royal Bank Of Canada from $5.00 to $6.25 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 19.27% from the stock’s current price.
Several other research analysts also recently commented on BTG. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th. Jefferies Financial Group dropped their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 10th. Raymond James Financial increased their target price on shares of B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, TD Securities raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, B2Gold currently has an average rating of “Buy” and a consensus target price of $6.81.
Read Our Latest Report on B2Gold
B2Gold Trading Up 0.4%
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). B2Gold had a return on equity of 17.05% and a net margin of 21.47%.The company had revenue of $789.35 million for the quarter, compared to the consensus estimate of $836.33 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. B2Gold’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts predict that B2Gold will post 0.49 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in BTG. Two Sigma Securities LLC increased its stake in shares of B2Gold by 341.9% during the second quarter. Two Sigma Securities LLC now owns 236,275 shares of the basic materials company’s stock valued at $884,000 after purchasing an additional 182,811 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of B2Gold by 6.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 288,790 shares of the basic materials company’s stock valued at $1,080,000 after purchasing an additional 18,536 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of B2Gold in the 2nd quarter worth approximately $1,524,000. Public Employees Retirement System of Ohio bought a new stake in shares of B2Gold in the 2nd quarter worth approximately $4,728,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of B2Gold in the 2nd quarter worth approximately $731,000. 61.40% of the stock is owned by hedge funds and other institutional investors.
B2Gold Company Profile
B2Gold Corp. is a Canadian-based gold producer engaged in the exploration, development, and operation of gold mines. The company produces gold doré and sells its output to refiners and other customers. Its portfolio includes the Fekola complex in Mali, the Masbate mine in the Philippines, and the Otjikoto mine in Namibia.
Founded in 2007 by former executives of Bema Gold Corporation, B2Gold has grown from an exploration and development company into an international gold producer. In addition to operating mines, the company conducts exploration and evaluates development opportunities intended to expand and sustain its production base.
B2Gold is headquartered in Vancouver, British Columbia, and has operations and projects across Africa, Asia, and other regions.
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