B2Gold (TSE:BTO) Lowered to "Hold" Rating by Cormark

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG was downgraded by equities researchers at Cormark from a "moderate buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports. Cormark also issued estimates for B2Gold's Q1 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.50 EPS, FY2026 earnings at $0.20 EPS, FY2027 earnings at $0.51 EPS, FY2028 earnings at $0.66 EPS and FY2029 earnings at $0.73 EPS.

BTO has been the topic of a number of other reports. TD Securities cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets dropped their target price on shares of B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, B2Gold currently has an average rating of "Hold" and an average price target of C$5.94.

B2Gold Stock Performance

Shares of BTO traded down C$0.34 on Monday, reaching C$3.78. 5,361,374 shares of the company's stock traded hands, compared to its average volume of 3,818,184. The stock's 50 day simple moving average is C$3.95 and its two-hundred day simple moving average is C$4.00. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. B2Gold has a 52-week low of C$3.16 and a 52-week high of C$4.84. The stock has a market cap of C$3.49 billion, a PE ratio of -4.35, a PEG ratio of -0.27 and a beta of 1.23.

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Insider Buying and Selling

In other news, Senior Officer Randall Chatwin sold 30,150 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of C$4.17, for a total value of C$125,725.50. Also, Senior Officer William Lytle sold 54,062 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. Insiders sold a total of 302,519 shares of company stock worth $1,208,724 over the last ninety days. 0.66% of the stock is owned by corporate insiders.

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.