B2Gold (TSE:BTO) Stock Rating Lowered by Bank of America

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

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

B2Gold Stock Performance

BTO opened at C$3.51 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. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84. The company has a market cap of C$4.60 billion, a price-to-earnings ratio of -20.65, a PEG ratio of -0.27 and a beta of 1.23. The company’s 50 day moving average is C$3.79 and its 200 day moving average is C$3.98.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin purchased 10,153 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of C$3.51 per share, for a total transaction 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.