B2Gold (TSE:BTO) Rating Lowered to “Hold” at Cormark

Cormark cut shares of B2Gold (TSE:BTO) (NYSE:BTG) from a moderate buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q1 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.50 EPS, FY2026 earnings at $0.20 EPS, FY2027 earnings at $0.51 EPS, FY2028 earnings at $0.66 EPS and FY2029 earnings at $0.73 EPS.

BTO has been the topic of a number of other reports. BMO Capital Markets decreased their price objective on B2Gold from C$7.00 to C$6.50 in a report on Monday. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, B2Gold currently has a consensus rating of “Hold” and an average target price of C$5.94.

B2Gold Price Performance

B2Gold stock opened at C$4.20 on Monday. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a 50-day moving average price of C$3.93 and a 200 day moving average price of C$4.00. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.84. The stock has a market cap of C$3.88 billion, a P/E ratio of -4.83, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Insiders Place Their Bets

In other news, Director Clive Thomas Johnson sold 86,496 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$333,009.60. Also, Senior Officer William Lytle sold 54,062 shares of B2Gold stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. Insiders have sold 168,420 shares of company stock worth $649,531 over the last three months. Company 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.