B2Gold (NYSEAMERICAN:BTG) Price Target Lowered to $6.50 at Raymond James

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) had its target price reduced by Raymond James from $7.00 to $6.50 in a report released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the basic materials company’s stock.

BTG has been the subject of several other research reports. Scotiabank dropped their price target on B2Gold from C$9.50 to C$9.00 and set an outperform rating for the company in a research report on Tuesday, October 5th. Stifel Nicolaus dropped their price target on B2Gold from C$10.00 to C$9.50 and set a buy rating for the company in a research report on Wednesday, July 14th. National Bankshares dropped their price target on B2Gold from C$9.00 to C$8.00 and set an outperform rating for the company in a research report on Friday, September 10th. National Bank Financial dropped their price target on B2Gold from C$9.25 to C$9.00 and set an outperform rating for the company in a research report on Friday, August 6th. Finally, Royal Bank of Canada set a $5.75 price target on B2Gold and gave the stock a sector perform rating in a research report on Thursday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, B2Gold presently has an average rating of Buy and an average target price of $8.10.

Shares of BTG stock opened at $3.90 on Wednesday. The firm has a market cap of $4.12 billion, a P/E ratio of 6.96, a PEG ratio of 1.16 and a beta of 0.82. B2Gold has a 1 year low of $3.30 and a 1 year high of $7.14. The company has a quick ratio of 2.73, a current ratio of 4.29 and a debt-to-equity ratio of 0.02.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Tuesday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $362.99 million for the quarter, compared to analyst estimates of $362.93 million. B2Gold had a return on equity of 17.16% and a net margin of 34.95%. As a group, research analysts predict that B2Gold will post 0.44 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 22nd were given a $0.04 dividend. This represents a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, September 21st. B2Gold’s dividend payout ratio is currently 32.65%.

A number of hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management grew its position in B2Gold by 8.2% during the third quarter. Hollencrest Capital Management now owns 132,370 shares of the basic materials company’s stock valued at $453,000 after acquiring an additional 10,000 shares during the period. Thrivent Financial for Lutherans purchased a new stake in B2Gold during the second quarter valued at about $47,000. Parametric Portfolio Associates LLC grew its position in B2Gold by 1.7% during the second quarter. Parametric Portfolio Associates LLC now owns 1,231,239 shares of the basic materials company’s stock valued at $5,184,000 after acquiring an additional 20,459 shares during the period. Morgan Stanley grew its position in B2Gold by 0.7% during the second quarter. Morgan Stanley now owns 5,003,288 shares of the basic materials company’s stock valued at $21,064,000 after acquiring an additional 34,992 shares during the period. Finally, Jefferies Group LLC purchased a new stake in B2Gold during the second quarter valued at about $59,000. 53.33% of the stock is owned by hedge funds and other institutional investors.

B2Gold Company Profile

B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.

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Analyst Recommendations for B2Gold (NYSEAMERICAN:BTG)

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