B2Gold (NYSE:BTG) Downgraded to “Hold” Rating by TD Securities

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

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

B2Gold Stock Up 3.3 %

B2Gold stock opened at $2.48 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.27 billion, a PE ratio of -4.43, a PEG ratio of 0.27 and a beta of 1.10. The firm’s fifty day moving average is $2.54 and its 200 day moving average is $2.84. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.50.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The company had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period last year, the company earned $0.05 EPS. B2Gold’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that B2Gold will post 0.21 EPS for the current fiscal year.

Institutional Trading of B2Gold

Several institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in B2Gold by 31.3% during the second quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of B2Gold by 24.8% in the 3rd quarter. SG Americas Securities LLC now owns 230,149 shares of the company’s stock worth $709,000 after buying an additional 45,776 shares during the last quarter. Creative Planning grew its holdings in shares of B2Gold by 6.2% in the third quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after acquiring an additional 4,810 shares in the last quarter. Stableford Capital II LLC increased its position in shares of B2Gold by 115.4% during the third quarter. Stableford Capital II LLC now owns 28,000 shares of the company’s stock valued at $90,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in B2Gold by 26.7% during the third quarter. Vontobel Holding Ltd. now owns 96,615 shares of the company’s stock worth $299,000 after acquiring an additional 20,356 shares during the period. Institutional investors own 61.40% 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.