Cormark Downgrades B2Gold (NYSE:BTG) to Hold

Cormark downgraded shares of B2Gold (NYSE:BTG) from a moderate buy rating to a hold rating in a research note published on Monday,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.11 EPS, FY2025 earnings at $0.35 EPS, FY2027 earnings at $0.36 EPS, FY2028 earnings at $0.46 EPS and FY2029 earnings at $0.51 EPS.

Other equities research analysts have also issued reports about the stock. CIBC boosted their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold” and an average price target of $4.12.

B2Gold Stock Performance

Shares of BTG stock opened at $2.85 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $2.72 and a 200-day simple moving average of $2.84. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -5.94, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. B2Gold has a 12-month low of $2.20 and a 12-month high of $3.50.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

Institutional Trading of B2Gold

Several large investors have recently modified their holdings of BTG. Charles Schwab Investment Management Inc. lifted its stake in B2Gold by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,957,155 shares of the company’s stock valued at $12,243,000 after buying an additional 143,663 shares in the last quarter. FMR LLC raised its holdings in shares of B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after acquiring an additional 438,399 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after acquiring an additional 36,555 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of B2Gold in the third quarter valued at $2,008,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of B2Gold during the third quarter valued at $35,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

About B2Gold

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.