B2Gold (TSE:BTO) Rating Lowered to Hold at TD Securities

B2Gold (TSE:BTO) (NYSE:BTG) was downgraded by analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

BTO has been the subject of several other reports. BMO Capital Markets decreased their price objective on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus boosted their target price on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, B2Gold has an average rating of “Hold” and an average target price of C$5.79.

B2Gold Price Performance

B2Gold stock opened at C$3.65 on Tuesday. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. B2Gold has a 52-week low of C$3.16 and a 52-week high of C$4.84. The firm has a market cap of C$4.78 billion, a PE ratio of -21.47, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company’s 50 day moving average is C$3.64 and its two-hundred day moving average is C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.04). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. During the same period last year, the business posted $0.07 EPS. On average, research analysts expect that B2Gold will post 0.5596659 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Randall Chatwin purchased 10,153 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of C$3.51 per share, with a total value of C$35,637.03. Corporate insiders own 0.66% 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.