Brokerages Set B2Gold Corp. (NYSE:BTG) PT at $4.02

B2Gold Corp. (NYSE:BTG - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.02.

A number of analysts have weighed in on the stock. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. StockNews.com downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, CIBC reduced their price objective on shares of B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a report on Wednesday, January 15th.

B2Gold Stock Performance

B2Gold stock traded up $0.06 during mid-day trading on Friday, reaching $2.59. The company had a trading volume of 22,901,865 shares, compared to its average volume of 26,164,764. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.50. The company has a 50 day moving average of $2.52 and a 200-day moving average of $2.83. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -4.62, a PEG ratio of 0.28 and a beta of 1.10.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently made changes to their positions in the company. E&G Advisors LP acquired a new stake in B2Gold in the 3rd quarter valued at about $31,000. Private Advisor Group LLC acquired a new stake in B2Gold in the 3rd quarter valued at about $33,000. Flow Traders U.S. LLC acquired a new stake in B2Gold in the 3rd quarter valued at about $35,000. HighTower Advisors LLC acquired a new stake in B2Gold in the 3rd quarter valued at about $36,000. Finally, Moors & Cabot Inc. increased its position in B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after acquiring an additional 3,500 shares in the last quarter. 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.