Raymond James Analysts Give B2Gold (NYSEAMERICAN:BTG) a $6.00 Price Target

Raymond James set a $6.00 target price on B2Gold (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) in a report issued on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

A number of other analysts also recently issued reports on the company. Scotiabank lifted their target price on B2Gold from C$8.00 to C$8.25 in a research report on Tuesday, April 19th. BMO Capital Markets lowered their target price on B2Gold from C$8.00 to C$7.00 in a research report on Thursday, January 20th. Canaccord Genuity Group lowered their target price on B2Gold from C$8.50 to C$8.00 in a research report on Thursday, January 27th. National Bank Financial lifted their target price on B2Gold from C$7.75 to C$8.50 in a research report on Wednesday, April 20th. Finally, Stifel Nicolaus lowered their target price on B2Gold from C$9.50 to C$9.00 in a research report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $7.28.

BTG opened at $4.31 on Thursday. B2Gold has a 1 year low of $3.30 and a 1 year high of $5.37. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 10.09 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 (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) last released its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. On average, analysts expect that B2Gold will post 0.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Wednesday, March 9th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Tuesday, March 8th. B2Gold’s dividend payout ratio (DPR) is presently 37.21%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BTG. National Bank of Canada FI bought a new stake in shares of B2Gold during the fourth quarter worth approximately $3,433,000. Russell Investments Group Ltd. boosted its holdings in shares of B2Gold by 92.5% during the third quarter. Russell Investments Group Ltd. now owns 4,071,432 shares of the basic materials company’s stock worth $13,914,000 after acquiring an additional 1,956,114 shares during the period. Shell Asset Management Co. bought a new stake in shares of B2Gold during the fourth quarter worth approximately $451,000. Yousif Capital Management LLC bought a new stake in shares of B2Gold during the fourth quarter worth approximately $64,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of B2Gold by 27.2% during the third quarter. CIBC Asset Management Inc now owns 2,818,970 shares of the basic materials company’s stock worth $9,571,000 after acquiring an additional 602,811 shares during the period. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

About B2Gold (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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Analyst Recommendations for B2Gold (NYSEAMERICAN:BTG)

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