B2Gold (TSE:BTO) Cut to “Hold” at 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 research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets dropped their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Stifel Nicolaus raised their price objective on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$5.79.

B2Gold Stock Performance

Shares of TSE:BTO opened at C$3.65 on Tuesday. The company has a market capitalization of C$4.78 billion, a price-to-earnings ratio of -21.47, a P/E/G ratio of -0.27 and a beta of 1.23. The firm’s 50 day simple moving average is C$3.64 and its 200 day simple moving average is C$3.95. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84.

B2Gold (TSE:BTO) (NYSE:BTG) last issued 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 return on equity of 3.47% and a negative net margin of 7.23%. During the same quarter in the prior year, the company posted $0.07 EPS. As a group, sell-side analysts forecast that B2Gold will post 0.5596659 earnings per share for the current year.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of C$3.51 per share, with a total value of C$35,637.03. 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.