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

TD Securities cut shares of B2Gold (NYSE:BTG) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat.com reports.

Several other research firms also recently commented on BTG. CIBC dropped their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, B2Gold currently has a consensus rating of “Hold” and a consensus target price of $4.02.

B2Gold Trading Up 3.3 %

Shares of BTG stock opened at $2.48 on Tuesday. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.50. 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 50 day moving average of $2.54 and a 200-day moving average of $2.84. The firm has a market cap of $3.27 billion, a P/E ratio of -4.43, a PEG ratio of 0.27 and a beta of 1.10.

B2Gold (NYSE:BTG) last issued its earnings results 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 firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Sell-side analysts anticipate that B2Gold will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. E&G Advisors LP purchased a new stake in shares of B2Gold in the 3rd quarter valued at about $31,000. Private Advisor Group LLC purchased a new stake in B2Gold in the third quarter valued at approximately $33,000. Flow Traders U.S. LLC bought a new stake in B2Gold during the third quarter valued at approximately $35,000. HighTower Advisors LLC purchased a new position in B2Gold in the 3rd quarter worth approximately $36,000. Finally, Moors & Cabot Inc. increased its holdings in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after buying an additional 3,500 shares during the last quarter. 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.