B2Gold (NYSE:BTG) Stock Rating Lowered by Bank of America

B2Gold (NYSE:BTG) was downgraded by equities research analysts at Bank of America from a “buy” rating to an “underperform” rating in a report released on Tuesday, MarketBeat.com reports.

A number of other brokerages have also recently commented on BTG. Jefferies Financial Group raised their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. CIBC upped their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Trading Down 2.8 %

Shares of NYSE:BTG opened at $2.44 on Tuesday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -4.36, a price-to-earnings-growth ratio of 0.53 and a beta of 1.09. The business’s 50 day moving average price is $2.66 and its 200-day moving average price is $2.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSE:BTG) last announced 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). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. During the same quarter last year, the business earned $0.05 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that B2Gold will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of B2Gold

Hedge funds have recently made changes to their positions in the company. E&G Advisors LP acquired a new position in B2Gold in the third quarter valued at approximately $31,000. Private Advisor Group LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at $33,000. Flow Traders U.S. LLC purchased a new position in shares of B2Gold during the 3rd quarter worth $35,000. HighTower Advisors LLC acquired a new stake in shares of B2Gold during the 3rd quarter worth about $36,000. Finally, Blue Trust Inc. raised its holdings in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares during the period. Hedge funds and other 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.