B2Gold (NYSEAMERICAN:BTG) Trading 6.5% Higher


Share on StockTwits

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO)’s stock price traded up 6.5% on Monday . The stock traded as high as $5.08 and last traded at $5.07. 12,131,198 shares were traded during trading, an increase of 47% from the average session volume of 8,241,567 shares. The stock had previously closed at $4.76.

Several analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of B2Gold from $11.00 to $10.75 and set a “buy” rating for the company in a research report on Monday, February 8th. Raymond James set a $8.00 price target on shares of B2Gold and gave the company an “outperform” rating in a research report on Monday, January 25th. JPMorgan Chase & Co. began coverage on shares of B2Gold in a research report on Wednesday, February 10th. They issued a “neutral” rating for the company. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $11.00 price target on shares of B2Gold in a research report on Tuesday, February 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.17.

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.25 and a quick ratio of 1.43. The stock has a market capitalization of $5.33 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 0.45 and a beta of 1.11. The stock’s 50 day simple moving average is $5.61.

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in shares of B2Gold by 13.2% during the 3rd quarter. Van ECK Associates Corp now owns 124,386,530 shares of the basic materials company’s stock worth $811,000,000 after purchasing an additional 14,549,116 shares during the period. Sprott Inc. grew its stake in shares of B2Gold by 49.1% during the 3rd quarter. Sprott Inc. now owns 17,211,866 shares of the basic materials company’s stock worth $112,494,000 after purchasing an additional 5,669,037 shares during the period. AGF Investments Inc. grew its stake in shares of B2Gold by 526.7% during the 4th quarter. AGF Investments Inc. now owns 4,563,271 shares of the basic materials company’s stock worth $25,561,000 after purchasing an additional 3,835,124 shares during the period. Allianz Asset Management GmbH grew its stake in shares of B2Gold by 41.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 7,136,873 shares of the basic materials company’s stock worth $46,324,000 after purchasing an additional 2,098,960 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of B2Gold by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,258,591 shares of the basic materials company’s stock worth $47,261,000 after purchasing an additional 1,166,146 shares during the period. 57.65% of the stock is currently owned by institutional investors.

About B2Gold (NYSEAMERICAN:BTG)

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 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.

Featured Story: Inverted Yield Curve

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.