B2Gold (NYSEAMERICAN:BTG) Upgraded at TD Securities

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) was upgraded by investment analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

BTG has been the subject of a number of other reports. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “neutral” rating to an “outperform” rating and set a $7.50 price objective for the company in a research note on Monday. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday. Royal Bank Of Canada cut their price target on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Finally, Jefferies Financial Group reduced 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $6.17.

B2Gold Trading Up 0.6%

Shares of NYSEAMERICAN BTG opened at $5.06 on Monday. B2Gold has a 12 month low of $3.48 and a 12 month high of $6.28. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 0.41 and a beta of 0.66. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $4.05 and a 200-day simple moving average of $4.65.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results 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). The company had revenue of $789.35 million during the quarter, compared to analyst estimates of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.56%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS. Sell-side analysts predict that B2Gold will post 0.58 EPS for the current year.

Hedge Funds Weigh In On B2Gold

A number of large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of B2Gold by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after purchasing an additional 38,598 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in B2Gold by 22.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after purchasing an additional 76,384 shares in the last quarter. Ruffer LLP purchased a new position in B2Gold during the fourth quarter valued at approximately $2,054,000. Kingswood Wealth Advisors LLC acquired a new position in B2Gold in the 4th quarter valued at approximately $65,000. Finally, Concurrent Investment Advisors LLC increased its stake in B2Gold by 17.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after buying an additional 3,888 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

About B2Gold

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.