B2Gold (TSE:BTO) Downgraded by Bank of America to Underperform

B2Gold (TSE:BTO) (NYSE:BTG) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a report issued on Tuesday,BayStreet.CA reports.

A number of other equities analysts have also commented on the company. Stifel Nicolaus raised their price target on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Cormark raised their target price on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. BMO Capital Markets decreased their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.79.

B2Gold Stock Performance

Shares of TSE BTO traded down C$0.04 during mid-day trading on Tuesday, reaching C$3.57. 4,079,386 shares of the company’s stock were exchanged, compared to its average volume of 2,208,513. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.84. The firm has a 50-day moving average price of C$3.83 and a two-hundred day moving average price of C$3.98. The firm has a market capitalization of C$4.68 billion, a price-to-earnings ratio of -21.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

Insiders Place Their Bets

In other news, Senior Officer Randall Chatwin purchased 10,153 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. Company insiders own 0.66% 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.