B2Gold (NYSE:BTG) Stock Rating Lowered by TD Securities

B2Gold (NYSE:BTG - Get Free Report) was downgraded by equities researchers at TD Securities from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

BTG has been the topic of a number of other reports. StockNews.com cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, CIBC dropped their price target on B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. One investment 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. According to MarketBeat, B2Gold currently has a consensus rating of "Hold" and an average target price of $4.02.

B2Gold Trading Up 1.6 %

NYSE:BTG traded up $0.04 during midday trading on Tuesday, hitting $2.53. The stock had a trading volume of 32,828,394 shares, compared to its average volume of 26,414,555. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $2.53 and a 200 day moving average of $2.83. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -4.52, a PEG ratio of 0.27 and a beta of 1.10. B2Gold has a one year low of $2.20 and a one year high of $3.50.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The business had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. B2Gold's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. As a group, sell-side analysts forecast that B2Gold will post 0.21 EPS for the current year.

Institutional Trading of B2Gold

Several large investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in B2Gold by 40.6% during the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company's stock worth $566,312,000 after buying an additional 47,967,010 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of B2Gold by 66.9% in the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after acquiring an additional 7,165,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of B2Gold by 69.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock worth $35,837,000 after acquiring an additional 4,754,500 shares in the last quarter. Amundi grew its position in shares of B2Gold by 37.4% during the 4th quarter. Amundi now owns 8,139,040 shares of the company's stock valued at $21,243,000 after acquiring an additional 2,215,319 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of B2Gold in the 3rd quarter valued at about $5,113,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.