B2Gold (NYSE:BTG) Downgraded to “Underperform” Rating by Bank of America

Bank of America downgraded shares of B2Gold (NYSE:BTG) from a buy rating to an underperform rating in a research report report published on Tuesday, MarketBeat Ratings reports.

BTG has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. CIBC increased their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Finally, Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Price Performance

Shares of NYSE:BTG opened at $2.51 on Tuesday. The firm’s 50 day moving average is $2.68 and its two-hundred day moving average is $2.89. The firm has a market capitalization of $3.30 billion, a P/E ratio of -4.48, a PEG ratio of 0.53 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 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 business had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Analysts anticipate that B2Gold will post 0.23 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.37%. B2Gold’s payout ratio is currently -28.57%.

Institutional Trading of B2Gold

A number of large investors have recently added to or reduced their stakes in BTG. E&G Advisors LP acquired a new stake in shares of B2Gold during the 3rd quarter valued at $31,000. Private Advisor Group LLC purchased a new stake in shares of B2Gold during the third quarter valued at $33,000. Flow Traders U.S. LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at $35,000. HighTower Advisors LLC purchased a new position in B2Gold in the 3rd quarter worth about $36,000. Finally, Blue Trust Inc. raised its holdings in B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after buying an additional 5,764 shares during the period. 61.40% of the stock is currently owned by institutional investors.

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.