TD Securities Downgrades B2Gold (TSE:BTO) to Hold

TD Securities lowered shares of B2Gold (TSE:BTO - Free Report) NYSE: BTG from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research firms also recently weighed in on BTO. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Stifel Nicolaus lifted their price target on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, BMO Capital Markets decreased their target price on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$5.79.

B2Gold Stock Performance

Shares of TSE:BTO traded up C$0.03 during trading on Tuesday, reaching C$3.61. The company had a trading volume of 1,835,957 shares, compared to its average volume of 3,081,078. The firm has a market capitalization of C$4.73 billion, a price-to-earnings ratio of -21.24, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The stock's fifty day moving average price is C$3.62 and its 200 day moving average price is C$3.94. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same period last year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that B2Gold will post 0.5596659 EPS for the current year.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were paid a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold's payout ratio is currently -129.41%.

Insider Activity at B2Gold

In related news, Senior Officer Randall Chatwin acquired 10,153 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of C$3.51 per share, with a total value of C$35,637.03. Corporate insiders own 0.66% of the company's stock.

B2Gold Company Profile

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.