B2Gold (TSE:BTO) Lowered to “Hold” Rating by TD Securities

B2Gold (TSE:BTO) (NYSE:BTG) was downgraded by equities research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

BTO has been the topic of several other research reports. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. BMO Capital Markets cut their price target on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Finally, Stifel Nicolaus upped their price target on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold” and a consensus target price of C$5.79.

B2Gold Price Performance

BTO stock opened at C$3.56 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The company has a market capitalization of C$4.66 billion, a PE ratio of -20.94, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.84. The business’s fifty day moving average price is C$3.64 and its 200 day moving average price is C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the company posted $0.07 earnings per share. On average, sell-side analysts anticipate that B2Gold will post 0.5596659 EPS for the current year.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of the 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. Insiders own 0.66% 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.