B2Gold (NYSE:BTG) PT Raised to $5.00 at Jefferies Financial Group

B2Gold (NYSE:BTG) had its price target hoisted by stock analysts at Jefferies Financial Group from $4.00 to $5.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 59.74% from the stock’s previous close.

BTG has been the subject of several other research reports. CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Finally, Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, B2Gold has an average rating of “Hold” and an average target price of $4.12.

B2Gold Trading Up 0.6 %

Shares of BTG opened at $3.13 on Friday. 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 firm has a 50-day moving average price of $2.92. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.46. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -104.33, a P/E/G ratio of 0.54 and a beta of 1.15.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm had revenue of $492.57 million for the quarter. Equities research analysts predict that B2Gold will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On B2Gold

A number of hedge funds have recently bought and sold shares of BTG. Bank of Montreal Can increased its stake in shares of B2Gold by 2.2% during the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock worth $34,824,000 after buying an additional 282,070 shares during the period. American Century Companies Inc. grew its holdings in B2Gold by 39.4% during the 2nd 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 increased its position in shares of B2Gold by 80.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock valued at $19,957,000 after purchasing an additional 3,311,970 shares during the last quarter. Equinox Partners Investment Management LLC raised its holdings in shares of B2Gold by 31.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after purchasing an additional 1,450,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of B2Gold during the 2nd quarter worth $6,912,000. Institutional investors and hedge funds 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.