B2Gold Corp. (NYSE:BTG – Get Free Report) saw unusually large options trading on Monday. Stock traders purchased 6,996 call options on the stock. This is an increase of approximately 147% compared to the average daily volume of 2,829 call options.
B2Gold Stock Up 5.4 %
Shares of NYSE BTG opened at $3.33 on Tuesday. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.46. The stock has a market capitalization of $4.35 billion, a P/E ratio of -111.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The company’s fifty day moving average is $2.85.
B2Gold (NYSE:BTG – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. As a group, sell-side analysts expect that B2Gold will post 0.27 EPS for the current fiscal year.
B2Gold Dividend Announcement
Analysts Set New Price Targets
Several brokerages have recently weighed in on BTG. Cibc World Mkts upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada upped their target price on B2Gold from $3.50 to $3.75 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. Finally, Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, B2Gold has an average rating of “Moderate Buy” and a consensus target price of $3.75.
View Our Latest Stock Analysis on BTG
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd increased its position in B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after purchasing an additional 3,053 shares during the last quarter. Sei Investments Co. increased its position in B2Gold by 31.3% in the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares during the last quarter. Headlands Technologies LLC increased its position in B2Gold by 32.8% in the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after purchasing an additional 8,463 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of B2Gold by 69.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after acquiring an additional 9,258 shares during the last quarter. Finally, KPP Advisory Services LLC raised its stake in shares of B2Gold by 53.6% in the 2nd quarter. KPP Advisory Services LLC now owns 35,250 shares of the company’s stock valued at $95,000 after acquiring an additional 12,300 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.
B2Gold Company Profile
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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