B2Gold (TSE:BTO) Cut to "Underperform" at Bank of America

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG was downgraded by investment analysts at Bank of America from a "buy" rating to an "underperform" rating in a report released on Tuesday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on BTO. Cibc World Mkts cut B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Stifel Nicolaus upped their target price on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Cormark boosted their price target on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Finally, BMO Capital Markets decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$5.79.

B2Gold Stock Performance

BTO traded down C$0.01 on Tuesday, reaching C$3.60. 5,729,107 shares of the stock were exchanged, compared to its average volume of 2,417,082. 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 company's 50-day moving average price is C$3.81 and its 200 day moving average price is C$3.98. The firm has a market capitalization of C$4.72 billion, a PE ratio of -21.18, a PEG ratio of -0.27 and a beta of 1.23. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.84.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is currently owned by company 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.