B2Gold (NYSE:BTG) Upgraded at Scotiabank

Scotiabank upgraded shares of B2Gold (NYSE:BTG) from a hold rating to a strong-buy rating in a research note published on Monday morning, Marketbeat Ratings reports.

Several other analysts also recently issued reports on the stock. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Thursday, March 20th. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Wednesday, April 2nd. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Raymond James reissued an “outperform” rating and set a $4.50 price target on shares of B2Gold in a research report on Friday, April 4th. Finally, Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, B2Gold currently has a consensus rating of “Hold” and a consensus price target of $4.21.

B2Gold Trading Up 1.2 %

NYSE:BTG opened at $3.35 on Monday. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.51. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -6.98, a PEG ratio of 0.33 and a beta of 0.93. The firm has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $2.82. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.39%. B2Gold’s payout ratio is -16.67%.

Institutional Trading of B2Gold

Large investors have recently bought and sold shares of the company. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold during the 4th quarter worth $25,000. Groupama Asset Managment bought a new stake in shares of B2Gold in the fourth quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of B2Gold during the 4th quarter valued at approximately $30,000. Signaturefd LLC boosted its holdings in B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock worth $32,000 after buying an additional 8,250 shares during the period. Finally, Walker Asset Management LLC bought a new position in B2Gold in the 1st quarter worth approximately $32,000. 61.40% of the stock is owned by hedge funds and other 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.