B2Gold (TSE:BTO) Lowered to Underperform Rating by Bank of America

Bank of America lowered shares of B2Gold (TSE:BTO) (NYSE:BTG) from a buy rating to an underperform rating in a research note released on Tuesday morning,BayStreet.CA reports.

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

B2Gold Stock Down 0.3 %

B2Gold stock opened at C$3.60 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. The company has a market capitalization of C$4.72 billion, a PE ratio of -21.18, a PEG ratio of -0.27 and a beta of 1.23. The firm’s fifty day moving average is C$3.81 and its 200 day moving average is C$3.98. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date was Monday, December 2nd. B2Gold’s dividend payout ratio is -129.41%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Company 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.