B2Gold (NYSE:BTG) Downgraded by Cibc World Mkts

Cibc World Mkts lowered shares of B2Gold (NYSE:BTG - Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada restated a sector perform rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Scotiabank lowered shares of B2Gold from a strong-buy rating to a hold rating in a research note on Friday, August 9th. StockNews.com raised shares of B2Gold from a hold rating to a buy rating in a research note on Saturday, August 17th. Jefferies Financial Group boosted their target price on shares of B2Gold from $3.50 to $4.00 and gave the stock a buy rating in a research report on Friday, July 12th. Finally, Cormark lowered shares of B2Gold from a moderate buy rating to a hold rating in a report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $3.78.

B2Gold Stock Down 1.8 %

NYSE:BTG traded down $0.06 during trading hours on Tuesday, reaching $3.25. The company had a trading volume of 17,187,454 shares, compared to its average volume of 12,371,737. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.46. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -108.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The stock has a 50-day moving average price of $2.89.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm had revenue of $492.57 million during the quarter. As a group, equities analysts predict that B2Gold will post 0.25 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold's dividend payout ratio (DPR) is presently -533.33%.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new position in shares of B2Gold in the second quarter valued at approximately $40,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of B2Gold during the 2nd quarter valued at $42,000. Concurrent Investment Advisors LLC bought a new stake in shares of B2Gold during the 2nd quarter worth $57,000. Point72 DIFC Ltd boosted its holdings in shares of B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company's stock worth $58,000 after buying an additional 3,053 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in B2Gold by 69.3% during the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company's stock valued at $61,000 after buying an additional 9,258 shares during the period. Hedge funds and other institutional investors own 61.40% of the company's stock.

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.