B2Gold (NYSE:BTG) Stock Rating Lowered by Cibc World Mkts

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

A number of other research analysts have also recently commented on BTG. Royal Bank of Canada restated a sector perform rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Cormark downgraded shares of B2Gold from a moderate buy rating to a hold rating in a research report on Monday, August 12th. StockNews.com raised shares of B2Gold from a hold rating to a buy rating in a research report on Saturday, August 17th. CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the company a neutral rating in a report on Tuesday. Finally, Jefferies Financial Group raised their price objective on B2Gold from $3.50 to $4.00 and gave the company a buy rating in a research report on Friday, July 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $3.78.

B2Gold Trading Down 3.6 %

BTG stock opened at $3.21 on Tuesday. The stock has a market capitalization of $4.20 billion, a PE ratio of -107.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a 50-day moving average price of $2.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.46.

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

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 4.98%. B2Gold’s dividend payout ratio (DPR) is -533.33%.

Institutional Investors Weigh In On B2Gold

A number of large investors have recently made changes to their positions in BTG. Point72 DIFC Ltd lifted its position in B2Gold by 16.6% during the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after purchasing an additional 3,053 shares in the last quarter. Sei Investments Co. lifted its position in shares of B2Gold by 31.3% during the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock valued at $90,000 after buying an additional 7,974 shares in the last quarter. Headlands Technologies LLC increased its holdings in B2Gold by 32.8% in the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after acquiring an additional 8,463 shares in the last quarter. Raymond James Trust N.A. increased its holdings in 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 acquiring an additional 9,258 shares in the last quarter. Finally, KPP Advisory Services LLC raised its stake in B2Gold by 53.6% during the 2nd quarter. KPP Advisory Services LLC now owns 35,250 shares of the company’s stock worth $95,000 after acquiring an additional 12,300 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.