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

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

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

B2Gold Stock Performance

Shares of BTG stock opened at $2.51 on Tuesday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -4.48, a P/E/G ratio of 0.53 and a beta of 1.09. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. 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’s fifty day simple moving average is $2.68 and its 200-day simple moving average is $2.89.

B2Gold (NYSE:BTG) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $448.23 million for the quarter, compared to analysts’ expectations 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 was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. On average, sell-side analysts predict that B2Gold will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

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

Institutional Trading of B2Gold

Several large investors have recently made changes to their positions in BTG. E&G Advisors LP bought a new position in shares of B2Gold in the 3rd quarter valued at approximately $31,000. Private Advisor Group LLC bought a new stake in B2Gold during the third quarter worth approximately $33,000. Flow Traders U.S. LLC acquired a new position in B2Gold during the third quarter valued at approximately $35,000. HighTower Advisors LLC bought a new position in shares of B2Gold in the third quarter valued at approximately $36,000. Finally, Blue Trust Inc. lifted its stake in shares of B2Gold by 72.1% in the third 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 last quarter. Institutional investors own 61.40% of the company’s stock.

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.