B2Gold (NYSEAMERICAN:BTG) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of B2Gold (NYSEAMERICAN:BTGFree Report) (TSE:BTO) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

BTG has been the subject of several other reports. Scotiabank cut their price objective on shares of B2Gold from C$8.00 to C$7.75 in a report on Friday, August 4th. Royal Bank of Canada reissued a sector perform rating and issued a $4.25 price target on shares of B2Gold in a report on Friday, September 29th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $6.42.

Get Our Latest Analysis on B2Gold

B2Gold Stock Down 2.3 %

B2Gold stock opened at $2.96 on Monday. B2Gold has a twelve month low of $2.77 and a twelve month high of $4.40. The company’s 50 day moving average is $3.67. The company has a market cap of $3.85 billion, a P/E ratio of 11.39 and a beta of 1.00. The company has a quick ratio of 1.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.01.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $477.89 million during the quarter, compared to the consensus estimate of $474.00 million. B2Gold had a return on equity of 10.44% and a net margin of 13.95%. Equities analysts expect that B2Gold will post 0.3 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 21st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend was Wednesday, September 20th. B2Gold’s dividend payout ratio (DPR) is currently 61.54%.

Institutional Trading of B2Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its position in B2Gold by 140.1% in the 1st quarter. Signaturefd LLC now owns 6,406 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 3,738 shares during the period. Global Retirement Partners LLC raised its position in B2Gold by 48.3% in the 1st quarter. Global Retirement Partners LLC now owns 9,015 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 2,935 shares during the period. Atria Wealth Solutions Inc. purchased a new position in B2Gold in the 4th quarter worth $36,000. Belvedere Trading LLC purchased a new position in B2Gold in the 2nd quarter worth $38,000. Finally, Power Corp of Canada purchased a new position in shares of B2Gold in the first quarter valued at about $49,000. Hedge funds and other institutional investors own 51.52% of the company’s stock.

About B2Gold

(Get Free Report)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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