B2Gold (NYSE:BTG) Price Target Raised to $3.60

B2Gold (NYSE:BTG) had its target price lifted by stock analysts at CIBC from $3.30 to $3.60 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 11.63% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Price Performance

Shares of BTG stock traded down $0.08 on Thursday, reaching $3.23. 23,209,341 shares of the company were exchanged, compared to its average volume of 17,694,272. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.50. The business has a 50-day moving average price of $2.62 and a 200 day moving average price of $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. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -6.72, a P/E/G ratio of 0.33 and a beta of 1.09.

Institutional Trading of B2Gold

Several large investors have recently bought and sold shares of the company. PKO Investment Management Joint Stock Co acquired a new position in shares of B2Gold during the 4th quarter worth approximately $1,516,000. Mackenzie Financial Corp boosted its stake in shares of B2Gold by 56.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,019,331 shares of the company’s stock valued at $2,501,000 after acquiring an additional 368,961 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in B2Gold in the 4th quarter valued at about $276,000. Vident Advisory LLC lifted its holdings in B2Gold by 17.0% in the 4th quarter. Vident Advisory LLC now owns 315,546 shares of the company’s stock valued at $770,000 after purchasing an additional 45,915 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of B2Gold by 15.7% during the 4th quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company’s stock worth $50,448,000 after purchasing an additional 2,799,520 shares during the last quarter. Institutional investors and hedge funds 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.