B2Gold (NYSE:BTG) Lowered to “Hold” Rating by StockNews.com

B2Gold (NYSE:BTG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts also recently issued reports on the stock. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Jefferies Financial Group raised their price objective on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of NYSE:BTG opened at $2.95 on Friday. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.50. The firm has a market cap of $3.87 billion, a P/E ratio of -5.27, a P/E/G ratio of 2.60 and a beta of 1.13. The firm has a 50-day moving average price of $3.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74.

B2Gold (NYSE:BTG) last issued its quarterly earnings data 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 company had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. B2Gold had a positive return on equity of 7.18% and a negative net margin of 38.42%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. As a group, equities analysts forecast that B2Gold will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in B2Gold by 21.9% in the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock valued at $498,000 after acquiring an additional 33,113 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in B2Gold in the second quarter valued at approximately $42,000. Equinox Partners Investment Management LLC increased its stake in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after acquiring an additional 1,450,000 shares during the last quarter. Continuum Advisory LLC bought a new position in B2Gold in the second quarter valued at approximately $40,000. Finally, KG&L Capital Management LLC increased its stake in B2Gold by 9.6% in the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock valued at $560,000 after acquiring an additional 18,200 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

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.