B2Gold (NYSE:BTG) Earns “Neutral” Rating from CIBC

B2Gold (NYSE:BTG)‘s stock had its “neutral” rating reissued by stock analysts at CIBC in a report released on Tuesday, July 15th, Marketbeat.com reports. They presently have a $4.00 price target on the stock, up from their previous price target of $3.60. CIBC’s target price would indicate a potential upside of 15.27% from the company’s previous close.

A number of other brokerages have also weighed in on BTG. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Raymond James Financial upgraded B2Gold to a “moderate buy” rating and set a $4.50 target price on the stock in a report on Monday, June 30th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Tuesday, June 24th. Wall Street Zen raised shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Finally, Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, B2Gold currently has an average rating of “Hold” and a consensus target price of $4.31.

B2Gold Price Performance

Shares of NYSE:BTG traded down $0.05 during trading on Tuesday, reaching $3.47. The company had a trading volume of 31,374,500 shares, compared to its average volume of 43,073,125. The company has a fifty day moving average of $3.52 and a two-hundred day moving average of $3.06. The stock has a market capitalization of $4.59 billion, a P/E ratio of -7.23, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.83. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTG. Bank of New York Mellon Corp lifted its position in B2Gold by 146.3% during the fourth quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock valued at $1,333,000 after purchasing an additional 324,491 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in B2Gold by 7.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 330,004 shares of the company’s stock valued at $808,000 after purchasing an additional 23,073 shares during the period. HighTower Advisors LLC lifted its position in B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock valued at $41,000 after purchasing an additional 5,288 shares during the period. Swiss National Bank lifted its position in B2Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 2,586,023 shares of the company’s stock valued at $6,330,000 after purchasing an additional 15,600 shares during the period. Finally, Corient Private Wealth LLC lifted its position in B2Gold by 33.9% during the fourth quarter. Corient Private Wealth LLC now owns 84,642 shares of the company’s stock valued at $207,000 after purchasing an additional 21,439 shares during the period. Institutional investors own 61.40% of the company’s stock.

About B2Gold

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.