National Bank Financial Increases B2Gold (NYSEAMERICAN:BTG) Price Target to C$8.50

B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) had its target price increased by National Bank Financial from C$7.75 to C$8.50 in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other analysts have also issued reports on BTG. Stifel Nicolaus lowered their price target on B2Gold from C$9.50 to C$9.00 in a research note on Thursday, January 20th. Scotiabank upped their target price on shares of B2Gold from C$8.00 to C$8.25 in a report on Tuesday. Raymond James decreased their price target on shares of B2Gold from $6.00 to $5.50 and set an “outperform” rating on the stock in a research note on Tuesday, March 22nd. BMO Capital Markets decreased their target price on shares of B2Gold from C$8.00 to C$7.00 in a research note on Thursday, January 20th. Finally, Canaccord Genuity Group dropped their price target on B2Gold from C$8.50 to C$8.00 in a research report on Thursday, January 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.05.

B2Gold stock traded up $0.11 during trading on Wednesday, reaching $4.93. The company had a trading volume of 947,201 shares, compared to its average volume of 11,415,140. The stock has a market capitalization of $5.21 billion, a P/E ratio of 11.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.54 and a current ratio of 4.89. B2Gold has a 1-year low of $3.30 and a 1-year high of $5.37.

B2Gold (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) last released its earnings results on Tuesday, February 22nd. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $526.11 million for the quarter, compared to analysts’ expectations of $520.00 million. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. Sell-side analysts predict that B2Gold will post 0.4 EPS for the current year.

Large investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. lifted its position in shares of B2Gold by 32.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,363,967 shares of the basic materials company’s stock worth $12,263,000 after purchasing an additional 1,077,927 shares during the last quarter. Morgan Stanley lifted its stake in B2Gold by 0.7% during the second quarter. Morgan Stanley now owns 5,003,288 shares of the basic materials company’s stock worth $21,064,000 after purchasing an additional 34,992 shares during the last quarter. Signaturefd LLC boosted its holdings in B2Gold by 129.7% in the third quarter. Signaturefd LLC now owns 27,151 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 15,333 shares in the last quarter. Sigma Planning Corp increased its stake in B2Gold by 10.6% in the third quarter. Sigma Planning Corp now owns 163,329 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 15,696 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in B2Gold by 26.2% during the third quarter. Vontobel Holding Ltd. now owns 137,279 shares of the basic materials company’s stock worth $469,000 after purchasing an additional 28,499 shares in the last quarter. Institutional investors own 52.70% of the company’s stock.

B2Gold Company Profile (Get Rating)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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