B2Gold (NYSEAMERICAN:BTG) Lowered to Hold at StockNews.com

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

BTG has been the subject of several other research reports. Scotiabank lowered their price objective on shares of B2Gold from C$8.00 to C$7.75 in a research note on Friday, August 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $4.25 target price on shares of B2Gold in a research note on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.42.

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $3.03 on Monday. B2Gold has a 52 week low of $2.77 and a 52 week high of $4.40. The company has a fifty day moving average price of $3.67. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 11.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.12 and a current ratio of 2.18.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $477.89 million for the quarter, compared to analyst estimates of $474.00 million. B2Gold had a return on equity of 10.44% and a net margin of 13.95%. As a group, sell-side analysts anticipate that B2Gold will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently made changes to their positions in BTG. Signaturefd LLC boosted its stake in B2Gold by 140.1% in the 1st quarter. Signaturefd LLC now owns 6,406 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 3,738 shares during the period. Global Retirement Partners LLC increased its holdings in B2Gold by 48.3% during the 1st quarter. Global Retirement Partners LLC now owns 9,015 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 2,935 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in B2Gold in the 4th quarter worth approximately $36,000. Belvedere Trading LLC bought a new position in B2Gold in the 2nd quarter valued at $38,000. Finally, Power Corp of Canada purchased a new position in shares of B2Gold during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 51.52% of the company’s stock.

About B2Gold

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.