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

B2Gold (NYSE:BTG) was upgraded by equities research analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research report issued 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.

Several other brokerages also recently weighed in on BTG. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC reduced their target price on shares of 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 lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.02.

B2Gold Stock Up 0.4 %

B2Gold stock opened at $2.82 on Friday. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The company has a market cap of $3.72 billion, a PE ratio of -5.88, a PEG ratio of 0.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The business’s 50-day simple moving average is $2.50 and its two-hundred day simple moving average is $2.81.

Institutional Trading of B2Gold

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after buying an additional 47,967,010 shares in the last quarter. FMR LLC increased its stake in shares of B2Gold by 0.7% in 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 in the last quarter. Vanguard Group Inc. raised its holdings in B2Gold by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company’s stock worth $129,823,000 after purchasing an additional 1,165,204 shares during the period. Renaissance Technologies LLC raised its holdings in B2Gold by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company’s stock worth $66,335,000 after purchasing an additional 272,300 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in B2Gold by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company’s stock worth $59,510,000 after purchasing an additional 130,638 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other 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.