B2Gold (NYSEAMERICAN:BTG) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) from a hold rating to a buy rating in a report released on Tuesday morning.

BTG has been the topic of a number of other reports. Royal Bank of Canada lowered their price target on shares of B2Gold from $4.00 to $3.50 and set a sector perform rating on the stock in a report on Thursday, March 28th. Jefferies Financial Group initiated coverage on shares of B2Gold in a research report on Thursday, February 29th. They set a buy rating and a $3.50 target price for the company. Finally, CIBC downgraded B2Gold from an outperform rating to a neutral rating and reduced their price target for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, B2Gold has a consensus rating of Moderate Buy and a consensus price target of $4.57.

B2Gold Stock Down 3.2 %

Shares of NYSEAMERICAN:BTG opened at $2.73 on Tuesday. The business has a 50 day simple moving average of $2.84. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.57 billion, a P/E ratio of -90.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.92.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. B2Gold had a positive return on equity of 8.05% and a negative net margin of 2.10%. The firm had revenue of $461.40 million during the quarter, compared to analyst estimates of $453.81 million. During the same period in the previous year, the company posted $0.08 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that B2Gold will post 0.26 EPS for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.86%. B2Gold’s dividend payout ratio is currently -533.16%.

Hedge Funds Weigh In On B2Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in shares of B2Gold by 142.9% in the first quarter. First Eagle Investment Management LLC now owns 27,216,340 shares of the basic materials company’s stock valued at $71,360,000 after purchasing an additional 16,011,832 shares during the period. Headlands Technologies LLC increased its holdings in B2Gold by 31.5% in the 1st quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock worth $67,000 after buying an additional 6,174 shares during the period. Primoris Wealth Advisors LLC purchased a new position in B2Gold during the 1st quarter worth approximately $54,000. SG Americas Securities LLC lifted its stake in B2Gold by 6.9% during the 1st quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock valued at $395,000 after acquiring an additional 9,723 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of B2Gold by 321.4% in the 1st quarter. Quantbot Technologies LP now owns 595,830 shares of the basic materials company’s stock valued at $1,555,000 after acquiring an additional 454,431 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.