B2Gold (NYSE:BTG) Stock Price Expected to Rise, CIBC Analyst Says

B2Gold (NYSE:BTG - Get Free Report) had its price objective raised by equities research analysts at CIBC from $3.30 to $3.60 in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a "neutral" rating on the stock. CIBC's price target suggests a potential upside of 16.13% from the company's current price.

Several other equities analysts also recently commented on the stock. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, February 21st. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. One 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.12.

B2Gold Stock Performance

NYSE:BTG traded down $0.02 during mid-day trading on Thursday, hitting $3.10. 22,614,314 shares of the stock were exchanged, compared to its average volume of 35,027,723. 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 firm's 50-day simple moving average is $2.65 and its 200 day simple moving average is $2.83. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -6.46, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09.

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Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold in the 4th quarter valued at $25,000. Flow Traders U.S. LLC bought a new position in B2Gold in the third quarter valued at about $35,000. HighTower Advisors LLC acquired a new position in B2Gold during the third quarter worth about $36,000. Groupama Asset Managment bought a new stake in shares of B2Gold during the 4th quarter valued at approximately $29,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in B2Gold during the 4th quarter worth approximately $30,000. 61.40% of the stock is currently owned by institutional investors.

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.