B2Gold’s (BTG) Buy Rating Reaffirmed at Pi Financial

Pi Financial restated their buy rating on shares of B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) in a report released on Monday, AnalystRatings.com reports. Pi Financial currently has a $8.60 price target on the basic materials company’s stock.

Other equities analysts also recently issued reports about the company. Scotiabank raised their price objective on B2Gold from $7.75 to $8.50 and gave the stock an outperform rating in a research report on Wednesday, May 6th. Royal Bank of Canada restated a buy rating and set a $5.25 price objective on shares of B2Gold in a research report on Sunday, May 17th. Finally, Canaccord Genuity raised their price objective on B2Gold from $9.00 to $10.00 and gave the stock a buy rating in a research report on Friday, May 8th. Eight research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of $6.73.

Shares of BTG opened at $6.03 on Monday. B2Gold has a 1 year low of $2.16 and a 1 year high of $6.13.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The company had revenue of $380.30 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.08 annualized dividend and a yield of 1.33%. This is a boost from B2Gold’s previous quarterly dividend of $0.01.

A number of institutional investors have recently made changes to their positions in BTG. Amundi Pioneer Asset Management Inc. grew its stake in B2Gold by 32.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,363,967 shares of the basic materials company’s stock valued at $12,263,000 after acquiring an additional 1,077,927 shares during the period. Pictet Asset Management Ltd. acquired a new stake in B2Gold in the fourth quarter valued at approximately $43,000. Raymond James Financial Services Advisors Inc. acquired a new stake in B2Gold in the fourth quarter valued at approximately $271,000. Credit Suisse AG boosted its position in shares of B2Gold by 21.6% during the fourth quarter. Credit Suisse AG now owns 1,010,216 shares of the basic materials company’s stock valued at $4,052,000 after buying an additional 179,769 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of B2Gold by 11.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,411,118 shares of the basic materials company’s stock valued at $37,811,000 after buying an additional 990,701 shares during the last quarter.

B2Gold Company Profile

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Analyst Recommendations for B2Gold (NYSEAMERICAN:BTG)

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