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

B2Gold (NYSE:BTG) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Finviz reports.

Several other research analysts have also weighed in on the company. CIBC reduced their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded 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, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.02.

B2Gold Trading Up 1.9 %

Shares of NYSE BTG traded up $0.05 during mid-day trading on Tuesday, hitting $2.45. The company’s stock had a trading volume of 4,558,654 shares, compared to its average volume of 24,204,486. B2Gold has a one year low of $2.20 and a one year high of $3.50. The company’s fifty day simple moving average is $2.56 and its 200-day simple moving average is $2.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -4.37, a price-to-earnings-growth ratio of 0.27 and a beta of 1.10.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company 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 company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. On average, sell-side analysts anticipate that B2Gold will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of B2Gold

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. lifted its position in shares of B2Gold by 31.3% during the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after buying an additional 7,974 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of B2Gold by 24.8% in the third quarter. SG Americas Securities LLC now owns 230,149 shares of the company’s stock worth $709,000 after acquiring an additional 45,776 shares during the last quarter. Creative Planning boosted its stake in shares of B2Gold by 6.2% in the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after purchasing an additional 4,810 shares in the last quarter. Stableford Capital II LLC grew its holdings in shares of B2Gold by 115.4% during the 3rd quarter. Stableford Capital II LLC now owns 28,000 shares of the company’s stock valued at $90,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in B2Gold by 26.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,615 shares of the company’s stock worth $299,000 after purchasing an additional 20,356 shares in 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.