B2Gold Corp (NYSE:BTG) (TSE:BTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “B2Gold Corp. is involved in the exploration and development of gold. The company’s assets are situated in Nicaragua, Colombia, Namibia and Uruguay. B2Gold Corp. is headquartered in Vancouver, Canada. “

BTG has been the topic of a number of other research reports. ValuEngine downgraded shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. BidaskClub downgraded shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, National Bank Financial raised shares of B2Gold Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, September 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.38.

Shares of B2Gold Corp (BTG) traded down 1.08% during midday trading on Thursday, reaching $2.76. 5,339,344 shares of the company’s stock were exchanged. The company has a market cap of $2.70 billion and a price-to-earnings ratio of 46.78. B2Gold Corp has a 12-month low of $2.02 and a 12-month high of $3.55. The stock’s 50 day moving average price is $2.74 and its 200 day moving average price is $2.66.

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Hedge funds have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd acquired a new stake in B2Gold Corp in the 2nd quarter worth approximately $112,000. Virtu Financial LLC acquired a new stake in B2Gold Corp in the 2nd quarter worth approximately $120,000. Alliancebernstein L.P. acquired a new stake in B2Gold Corp in the 2nd quarter worth approximately $124,000. World Asset Management Inc acquired a new stake in B2Gold Corp in the 2nd quarter worth approximately $155,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in B2Gold Corp by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 10,800 shares in the last quarter.

About B2Gold Corp

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