B2Gold (NYSE:BTG) Lowered to “Hold” Rating by TD Securities

B2Gold (NYSE:BTG) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Finviz reports.

Other equities research analysts have also issued reports about the stock. CIBC decreased their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Price Performance

B2Gold stock traded up $0.05 during mid-day trading on Tuesday, hitting $2.45. 4,558,654 shares of the company were exchanged, compared to its average volume of 24,204,486. The company has a market capitalization of $3.22 billion, a P/E ratio of -4.37, a PEG ratio of 0.27 and a beta of 1.10. The business’s 50 day simple moving average is $2.56 and its two-hundred day simple moving average is $2.84. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. B2Gold’s revenue for the quarter was down 6.2% compared to the same quarter last year. Analysts forecast that B2Gold will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On B2Gold

Institutional investors have recently modified their holdings of the stock. Old West Investment Management LLC bought a new stake in B2Gold in the third quarter worth approximately $670,000. FMR LLC boosted its holdings in B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after purchasing an additional 438,399 shares in the last quarter. Invenomic Capital Management LP acquired a new position in B2Gold during the third quarter worth $2,636,000. Geode Capital Management LLC raised its holdings in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock valued at $7,544,000 after buying an additional 661,107 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after buying an additional 36,555 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.