B2Gold (NYSE:BTG) Upgraded at StockNews.com

StockNews.com upgraded shares of B2Gold (NYSE:BTG) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

A number of other equities analysts have also weighed in on the company. National Bankshares reaffirmed an “outperform” rating on shares of B2Gold in a research note on Wednesday, April 2nd. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

B2Gold Price Performance

Shares of B2Gold stock opened at $3.14 on Thursday. The stock has a market cap of $4.14 billion, a P/E ratio of -6.54, a P/E/G ratio of 0.33 and a beta of 0.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock’s fifty day moving average is $3.03 and its 200 day moving average is $2.81. B2Gold has a one year low of $2.20 and a one year high of $3.51.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. Sell-side analysts anticipate that B2Gold will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.55%. B2Gold’s dividend payout ratio (DPR) is presently -17.02%.

Institutional Trading of B2Gold

Hedge funds have recently modified their holdings of the company. Independent Wealth Network Inc. purchased a new stake in B2Gold during the first quarter valued at approximately $28,000. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold during the fourth quarter worth $25,000. Kercheville Advisors LLC acquired a new stake in shares of B2Gold in the 1st quarter worth $31,000. Walker Asset Management LLC purchased a new position in B2Gold during the 1st quarter worth $32,000. Finally, Groupama Asset Managment purchased a new position in B2Gold during the 4th quarter worth $29,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.