Cormark upgraded shares of B2Gold (NYSE:BTG – Free Report) from a hold rating to a moderate buy rating in a research note issued to investors on Friday,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q1 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.15 EPS.
A number of other research analysts also recently issued reports on BTG. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, CIBC dropped their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.02.
Read Our Latest Stock Report on B2Gold
B2Gold Price Performance
B2Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.84%. B2Gold’s dividend payout ratio (DPR) is -33.33%.
Institutional Trading of B2Gold
Institutional investors have recently added to or reduced their stakes in the stock. Old West Investment Management LLC purchased a new stake in shares of B2Gold in the 3rd quarter valued at about $670,000. FMR LLC increased its position in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after purchasing an additional 438,399 shares during the last quarter. Invenomic Capital Management LP bought a new position in shares of B2Gold during the 3rd quarter valued at about $2,636,000. Geode Capital Management LLC increased its position in shares of B2Gold by 46.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock valued at $7,544,000 after purchasing an additional 661,107 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of B2Gold by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock valued at $294,000 after purchasing an additional 36,555 shares during the last quarter. 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.
Read More
- Five stocks we like better than B2Gold
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 3 Stocks Poised to Thrive as NVIDIA Dominates the AI Boom
- Most Volatile Stocks, What Investors Need to Know
- MercadoLibre: High-Growth EM Stock With 100% Upside Potential
- Using the MarketBeat Dividend Yield Calculator
- As the Magnificent 7 Stalls, These 3 Stocks Are Gaining Momentum
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.