B2Gold (NYSE:BTG - Get Free Report) was downgraded by equities researchers at Cormark from a "moderate buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports. Cormark also issued estimates for B2Gold's Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.11 EPS, FY2025 earnings at $0.35 EPS, FY2026 earnings at $0.14 EPS, FY2027 earnings at $0.36 EPS, FY2028 earnings at $0.46 EPS and FY2029 earnings at $0.51 EPS.
Several other equities analysts have also issued reports on BTG. Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, CIBC lifted their price target 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, B2Gold has an average rating of "Hold" and a consensus price target of $4.12.
Read Our Latest Analysis on BTG
B2Gold Price Performance
Shares of B2Gold stock traded down $0.27 during midday trading on Monday, reaching $2.65. The company had a trading volume of 47,393,339 shares, compared to its average volume of 19,186,609. 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 fifty day simple moving average of $2.76 and a 200 day simple moving average of $2.83. B2Gold has a 1-year low of $2.20 and a 1-year high of $3.50. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -5.52, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93.
Institutional Investors Weigh In On B2Gold
A number of hedge funds have recently modified their holdings of BTG. Old West Investment Management LLC acquired a new stake in B2Gold during the 3rd quarter worth approximately $670,000. FMR LLC raised its holdings in shares of B2Gold by 0.7% during 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 period. Invenomic Capital Management LP bought a new stake in B2Gold in the 3rd quarter valued at $2,636,000. Geode Capital Management LLC boosted its stake in B2Gold by 46.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock worth $7,544,000 after purchasing an additional 661,107 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in B2Gold by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company's stock worth $294,000 after purchasing an additional 36,555 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.
B2Gold Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider B2Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B2Gold wasn't on the list.
While B2Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
