B2Gold (NYSE:BTG) Stock Rating Lowered by TD Securities

TD Securities downgraded shares of B2Gold (NYSE:BTG) from a buy rating to a hold rating in a report released on Tuesday, Marketbeat Ratings reports.

BTG has been the topic of a number of other reports. CIBC lowered their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.02.

B2Gold Trading Down 2.4 %

Shares of NYSE:BTG opened at $2.49 on Tuesday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of -4.45, a PEG ratio of 0.27 and a beta of 1.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $2.84. B2Gold has a 52-week low of $2.20 and a 52-week high of $3.50.

B2Gold (NYSE:BTG) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. Analysts expect that B2Gold will post 0.21 EPS for the current year.

Hedge Funds Weigh In On B2Gold

A number of large investors have recently bought and sold shares of BTG. E&G Advisors LP purchased a new position in B2Gold during the 3rd quarter valued at $31,000. Private Advisor Group LLC purchased a new stake in shares of B2Gold in the 3rd quarter worth $33,000. Flow Traders U.S. LLC purchased a new stake in shares of B2Gold in the 3rd quarter worth $35,000. HighTower Advisors LLC purchased a new stake in shares of B2Gold in the 3rd quarter worth $36,000. Finally, Carrera Capital Advisors purchased a new stake in shares of B2Gold in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

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.