B2Gold (NYSE:BTG) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of B2Gold (NYSE:BTGFree 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

Shares of NYSE:BTG opened at $2.82 on Friday. The stock’s 50 day moving average is $2.50 and its 200-day moving average is $2.81. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.50. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -5.88, a PEG ratio of 0.31 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 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

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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.

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Analyst Recommendations for B2Gold (NYSE:BTG)

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