B2Gold (NYSE:BTG) Cut to Hold at TD Securities

TD Securities downgraded shares of B2Gold (NYSE:BTGFree Report) from a buy rating to a hold rating in a report published on Tuesday, MarketBeat Ratings reports.

A number of other equities analysts also recently issued reports on BTG. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. CIBC decreased their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.02.

Check Out Our Latest Report on BTG

B2Gold Stock Performance

Shares of BTG stock opened at $2.49 on Tuesday. The stock has a fifty day moving average of $2.54 and a 200 day moving average of $2.84. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.50. The firm 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 quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTGGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business 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 business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. As a group, research analysts expect that B2Gold will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On B2Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in shares of B2Gold by 40.6% during the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after acquiring an additional 47,967,010 shares in the last quarter. FMR LLC boosted its position in shares of B2Gold by 0.7% during the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after buying an additional 438,399 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after buying an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of B2Gold by 69.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after buying an additional 4,754,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of B2Gold by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company’s stock valued at $23,819,000 after buying an additional 251,045 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for B2Gold (NYSE:BTG)

Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.