B2Gold (NYSE:BTG) Downgraded to “Hold” Rating by StockNews.com

B2Gold (NYSE:BTG) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other research firms also recently issued reports on BTG. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. CIBC lifted their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.12.

B2Gold Trading Down 3.3 %

NYSE BTG traded down $0.10 on Friday, hitting $2.95. The company’s stock had a trading volume of 15,570,061 shares, compared to its average volume of 12,592,979. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -5.27, a P/E/G ratio of 2.68 and a beta of 1.13. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.50. The firm’s 50-day simple moving average is $3.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. During the same quarter last year, the firm earned $0.05 EPS. The business’s revenue was down 6.2% on a year-over-year basis. On average, research analysts forecast that B2Gold will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On B2Gold

A number of institutional investors have recently modified their holdings of BTG. Point72 DIFC Ltd raised its position in shares of B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after purchasing an additional 3,053 shares during the last quarter. Moors & Cabot Inc. increased its stake in B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $42,000 after purchasing an additional 3,500 shares in the last quarter. Creative Planning raised its holdings 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 during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of B2Gold by 24.7% in 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.