B2Gold (NYSE:BTG) Downgraded by Cibc World Mkts to Hold

Cibc World Mkts lowered shares of B2Gold (NYSE:BTG) from a strong-buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

A number of other brokerages have also recently commented on BTG. Royal Bank of Canada reissued a sector perform rating and issued a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Scotiabank lowered shares of B2Gold from a strong-buy rating to a hold rating in a research report on Friday, August 9th. Jefferies Financial Group boosted their target price on B2Gold from $3.50 to $4.00 and gave the company a buy rating in a research report on Friday, July 12th. CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the company a neutral rating in a research note on Tuesday. Finally, Cormark lowered B2Gold from a moderate buy rating to a hold rating in a research note on Monday, August 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $3.78.

B2Gold Stock Up 2.2 %

Shares of NYSE:BTG opened at $3.31 on Tuesday. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.46. The stock has a market cap of $4.34 billion, a PE ratio of -110.30, a P/E/G ratio of 0.54 and a beta of 1.14. The business has a fifty day simple moving average of $2.89. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The business had revenue of $492.57 million during the quarter. On average, analysts expect that B2Gold will post 0.25 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is currently -533.16%.

Hedge Funds Weigh In On B2Gold

Large investors have recently bought and sold shares of the business. Continuum Advisory LLC purchased a new stake in shares of B2Gold in the 2nd quarter worth $40,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of B2Gold in the 2nd quarter worth $42,000. Concurrent Investment Advisors LLC purchased a new stake in shares of B2Gold in the 2nd quarter worth $57,000. Point72 DIFC Ltd lifted its holdings in shares of 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 buying an additional 3,053 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in shares of B2Gold by 69.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock worth $61,000 after buying an additional 9,258 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

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.