B2Gold (NYSE:BTG) Raised to Moderate Buy at Cormark

B2Gold (NYSE:BTG - Get Free Report) was upgraded by research analysts at Cormark from a "hold" rating to a "moderate buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on BTG. Raymond James reiterated an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. CIBC raised their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.21.

B2Gold Stock Performance

Shares of BTG stock opened at $3.29 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $2.93 and a two-hundred day moving average of $2.82. The company has a market cap of $4.34 billion, a P/E ratio of -6.85, a PEG ratio of 0.33 and a beta of 0.93. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.51.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BTG. Geode Capital Management LLC grew its stake in shares of B2Gold by 46.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock worth $7,544,000 after purchasing an additional 661,107 shares during the last quarter. Alliancebernstein L.P. grew its position in B2Gold by 20.4% in the fourth quarter. Alliancebernstein L.P. now owns 163,503 shares of the company's stock worth $399,000 after buying an additional 27,720 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of B2Gold by 525.1% in the third quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company's stock valued at $1,594,000 after buying an additional 434,775 shares in the last quarter. Barclays PLC lifted its position in shares of B2Gold by 23.7% during the 3rd quarter. Barclays PLC now owns 910,558 shares of the company's stock valued at $2,804,000 after acquiring an additional 174,477 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of B2Gold by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after acquiring an additional 1,165,204 shares in the last quarter. 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.

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