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

Shares of B2Gold Corp (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) shot up 13.2% on Friday . The company traded as high as $4.65 and last traded at $4.63. Approximately 10,889,843 shares were traded during trading, a decline of 65% from the average daily volume of 31,156,193 shares. The stock had previously closed at $4.09.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTG. 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. Royal Bank Of Canada reduced their price target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, B2Gold currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Get Our Latest Analysis on B2Gold

B2Gold Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19. The business’s 50-day moving average is $4.03 and its 200-day moving average is $4.65. The company has a market capitalization of $6.20 billion, a PE ratio of 13.03, a PEG ratio of 0.33 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The business had revenue of $789.35 million during the quarter, compared to analysts’ expectations of $836.33 million. During the same quarter last year, the company posted $0.12 EPS. B2Gold’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that B2Gold Corp will post 0.58 earnings per share for the current year.

Institutional Trading of B2Gold

Several hedge funds and other institutional investors have recently made changes to their positions in BTG. Northwestern Mutual Wealth Management Co. purchased a new position in B2Gold during the fourth quarter valued at $45,000. Parkway Wealth Management Group LLC purchased a new stake in shares of B2Gold in the first quarter worth $51,000. DGS Capital Management LLC bought a new position in shares of B2Gold during the first quarter valued at $50,000. Ascentis Independent Advisors purchased a new position in shares of B2Gold in the 1st quarter worth about $50,000. Finally, GSA Capital Partners LLP purchased a new position in shares of B2Gold in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.