B2Gold (NYSE:BTG) Upgraded to “Strong-Buy” at Scotiabank

Scotiabank upgraded shares of B2Gold (NYSE:BTG) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

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

B2Gold Stock Performance

B2Gold stock opened at $3.41 on Monday. The firm has a fifty day simple moving average of $2.84 and a two-hundred day simple moving average of $2.81. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.50. The company has a market capitalization of $4.50 billion, a PE ratio of -7.10, a P/E/G ratio of 0.33 and a beta of 0.93.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

Institutional Trading of B2Gold

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock valued at $41,000 after buying an additional 5,288 shares during the period. Cadence Wealth Management LLC increased its stake in shares of B2Gold by 3.5% in the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company’s stock worth $580,000 after acquiring an additional 7,990 shares in the last quarter. Signaturefd LLC lifted its position in B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after acquiring an additional 8,250 shares during the period. Cantor Fitzgerald L. P. bought a new stake in B2Gold during the fourth quarter worth about $25,000. Finally, FIL Ltd grew its holdings in B2Gold by 37.5% in the fourth quarter. FIL Ltd now owns 38,047 shares of the company’s stock worth $93,000 after purchasing an additional 10,373 shares during the period. 61.40% of the stock is owned by institutional investors.

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.