B2Gold (NYSE:BTG) Rating Reiterated by Royal Bank of Canada

B2Gold (NYSE:BTG)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a note issued to investors on Tuesday, Benzinga reports. They currently have a $3.75 price objective on the stock. Royal Bank of Canada’s price target points to a potential upside of 15.03% from the company’s current price.

Other equities research analysts have also issued research reports about the company. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Cibc World Mkts upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. CIBC increased their price objective on shares of B2Gold from $3.40 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.75.

B2Gold Price Performance

NYSE:BTG opened at $3.26 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -108.67, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. B2Gold has a one year low of $2.34 and a one year high of $3.46. The business has a fifty day moving average of $2.86.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The business had revenue of $492.57 million during the quarter. On average, equities research analysts expect that B2Gold will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTG. American Century Companies Inc. grew its position in B2Gold by 39.4% in the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after acquiring an additional 3,311,970 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in B2Gold in the second quarter worth about $6,912,000. Equinox Partners Investment Management LLC grew its position in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after acquiring an additional 1,450,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in B2Gold by 133.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after acquiring an additional 1,131,534 shares in 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.