B2Gold (NYSE:BTG) Rating Lowered to Underperform at Bank of America

Bank of America cut shares of B2Gold (NYSE:BTG - Free Report) from a buy rating to an underperform rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports.

BTG has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. StockNews.com cut shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Cibc World Mkts lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Finally, CIBC increased their price target on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.12.

B2Gold Trading Up 0.8 %

Shares of B2Gold stock traded up $0.02 on Tuesday, hitting $2.51. The stock had a trading volume of 34,629,952 shares, compared to its average volume of 15,737,648. The stock has a 50 day moving average of $2.68 and a 200 day moving average of $2.89. The firm has a market capitalization of $3.30 billion, a P/E ratio of -4.48, a PEG ratio of 0.53 and a beta of 1.09. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The company had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. Sell-side analysts expect that B2Gold will post 0.23 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date was Monday, December 2nd. B2Gold's dividend payout ratio (DPR) is currently -28.57%.

Institutional Trading of B2Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of BTG. E&G Advisors LP purchased a new position in shares of B2Gold during the third quarter valued at approximately $31,000. Private Advisor Group LLC bought a new stake in shares of B2Gold in the 3rd quarter worth $33,000. Flow Traders U.S. LLC purchased a new stake in shares of B2Gold in the third quarter valued at about $35,000. HighTower Advisors LLC bought a new position in shares of B2Gold during the third quarter valued at about $36,000. Finally, Blue Trust Inc. increased its stake in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after buying an additional 5,764 shares during the last quarter. Institutional investors own 61.40% 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.