B2Gold (NYSE:BTG) Rating Increased to Buy at StockNews.com

B2Gold (NYSE:BTG) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research analysts have also issued reports on BTG. Jefferies Financial Group boosted their price objective on B2Gold from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. CIBC increased their price objective on shares of B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Three research 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 MarketBeat.com, B2Gold currently has a consensus rating of “Moderate Buy” and an average target price of $3.75.

B2Gold Stock Up 3.9 %

Shares of BTG stock opened at $2.69 on Friday. The firm has a market capitalization of $3.52 billion, a P/E ratio of -89.67, a P/E/G ratio of 0.42 and a beta of 1.12. The company has a 50 day moving average of $2.77. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99.

Institutional Trading of B2Gold

A number of institutional investors have recently made changes to their positions in BTG. Sei Investments Co. raised its holdings in B2Gold by 31.3% during the second quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of B2Gold by 32.8% in the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after buying an additional 8,463 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of B2Gold by 69.3% in the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after buying an additional 9,258 shares during the period. Continuum Advisory LLC bought a new position in B2Gold during the second quarter valued at about $40,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in B2Gold during the second quarter worth about $42,000. 61.40% of the stock is owned by institutional investors and hedge funds.

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.