B2Gold (NYSE:BTG) Stock Rating Upgraded by Cormark

B2Gold (NYSE:BTG) was upgraded by investment analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q1 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.15 EPS.

BTG has been the subject of a number of other reports. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. CIBC reduced their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.02.

B2Gold Stock Up 0.4 %

Shares of NYSE BTG opened at $2.82 on Friday. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.50. The firm has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.81. The company has a market cap of $3.72 billion, a P/E ratio of -5.88, a PEG ratio of 0.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. lifted its position in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after purchasing an additional 3,500 shares during the period. Creative Planning raised its stake in B2Gold by 6.2% in the third quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after buying an additional 4,810 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in B2Gold by 24.7% during the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after buying an additional 5,257 shares during the period. HighTower Advisors LLC boosted its position in B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock valued at $41,000 after acquiring an additional 5,288 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after acquiring an additional 5,764 shares during the period. 61.40% of the stock is currently owned by institutional investors.

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.