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StockNews.com Downgrades B2Gold (NYSE:BTG) to Hold

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B2Gold (NYSE:BTG - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

BTG has been the topic of a number of other reports. Royal Bank of Canada restated a "sector perform" rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. Cibc World Mkts cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Finally, Scotiabank lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, B2Gold presently has a consensus rating of "Hold" and a consensus price target of $4.12.

Get Our Latest Analysis on BTG

B2Gold Trading Down 3.3 %

Shares of B2Gold stock traded down $0.10 on Friday, reaching $2.95. The stock had a trading volume of 15,570,061 shares, compared to its average volume of 12,592,979. The stock's 50 day moving average price is $3.16. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50. The stock has a market capitalization of $3.87 billion, a P/E ratio of -5.27, a P/E/G ratio of 2.68 and a beta of 1.13.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. On average, equities analysts anticipate that B2Gold will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On B2Gold

A number of large investors have recently added to or reduced their stakes in the business. E&G Advisors LP purchased a new position in shares of B2Gold in the third quarter worth about $31,000. Private Advisor Group LLC purchased a new position in B2Gold in the 3rd quarter worth approximately $33,000. Continuum Advisory LLC bought a new stake in B2Gold in the second quarter valued at approximately $40,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of B2Gold during the second quarter valued at approximately $42,000. Finally, Blue Trust Inc. grew its holdings in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock worth $42,000 after purchasing an additional 5,764 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company's stock.

B2Gold Company Profile

(Get Free Report)

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.

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Analyst Recommendations for B2Gold (NYSE:BTG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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