B2Gold (NYSE:BTG) Stock Rating Lowered by TD Securities

B2Gold (NYSE:BTG) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat reports.

A number of other equities research analysts have also commented on BTG. CIBC cut their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.02.

B2Gold Stock Up 2.8 %

B2Gold stock opened at $2.55 on Tuesday. B2Gold has a fifty-two week low of $2.20 and a fifty-two week 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. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -4.55, a PEG ratio of 0.27 and a beta of 1.10. The company’s 50 day simple moving average is $2.54 and its 200 day simple moving average is $2.84.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 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 firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. During the same quarter in the prior year, the company earned $0.05 EPS. B2Gold’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that B2Gold will post 0.21 EPS for the current year.

Institutional Trading of B2Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in BTG. Old West Investment Management LLC bought a new position in B2Gold in the third quarter valued at $670,000. FMR LLC boosted its stake in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after buying an additional 438,399 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of B2Gold in the third quarter valued at about $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 worth $7,544,000 after acquiring an additional 661,107 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in B2Gold by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock valued at $294,000 after purchasing an additional 36,555 shares during the last quarter. 61.40% of the stock is currently 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.