B2Gold (NYSE:BTG) Upgraded to Moderate Buy at Cormark

Cormark upgraded shares of B2Gold (NYSE:BTG) from a hold rating to a moderate buy rating in a research note released on Friday,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q1 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.15 EPS.

Other analysts have also recently issued reports about the company. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. CIBC decreased their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Performance

B2Gold stock opened at $2.82 on Friday. The company has a market cap of $3.72 billion, a PE ratio of -5.88, a PEG ratio of 0.31 and a beta of 1.10. The company’s 50-day moving average is $2.50 and its two-hundred day moving average is $2.81. 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 1 year low of $2.20 and a 1 year high of $3.50.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is presently -33.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning grew its holdings in shares of B2Gold by 6.2% during the third quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after purchasing an additional 4,810 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after purchasing an additional 5,764 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of B2Gold during the third quarter worth about $33,000. International Assets Investment Management LLC grew its holdings in shares of B2Gold by 220.1% during the third quarter. International Assets Investment Management LLC now owns 40,878 shares of the company’s stock worth $1,260,000 after purchasing an additional 28,106 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC acquired a new position in shares of B2Gold in the third quarter worth approximately $46,000. 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.