Bank of America Downgrades B2Gold (TSE:BTO) to Underperform

B2Gold (TSE:BTO) (NYSE:BTG) was downgraded by analysts at Bank of America from a “buy” rating to an “underperform” rating in a report released on Tuesday,BayStreet.CA reports.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets cut their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus raised their price target on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Cormark upped their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.79.

B2Gold Trading Down 2.5 %

TSE BTO opened at C$3.51 on Tuesday. The company has a market cap of C$4.60 billion, a price-to-earnings ratio of -20.65, a P/E/G ratio of -0.27 and a beta of 1.23. The business has a 50 day moving average price of C$3.79 and a 200-day moving average price of C$3.98. 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$3.18 and a 52 week high of C$4.84.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, with a total value of C$35,637.03. Insiders own 0.66% 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.