B2Gold Corp. (NYSE:BTG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of B2Gold Corp. (NYSE:BTG) have received a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.02.

A number of equities analysts have recently commented on the stock. CIBC cut their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th.

Hedge Funds Weigh In On B2Gold

Several hedge funds and other institutional investors have recently bought and sold shares of BTG. Van ECK Associates Corp increased its stake in B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after purchasing an additional 47,967,010 shares in the last quarter. Norges Bank bought a new stake in B2Gold in the fourth quarter valued at $40,192,000. Two Sigma Advisers LP increased its stake in B2Gold by 66.9% in the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after purchasing an additional 7,165,600 shares in the last quarter. American Century Companies Inc. increased its stake in B2Gold by 31.3% in the fourth quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock valued at $55,436,000 after purchasing an additional 5,401,334 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after purchasing an additional 4,754,500 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Price Performance

Shares of NYSE:BTG opened at $2.59 on Friday. The firm has a market cap of $3.41 billion, a PE ratio of -4.62, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The firm’s fifty day moving average is $2.51 and its 200-day moving average is $2.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.50.

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.