B2Gold (NYSE:BTG) Cut to Hold at Cormark

Cormark downgraded shares of B2Gold (NYSE:BTG) from a moderate buy rating to a hold rating in a research note released on Monday,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.11 EPS, FY2025 earnings at $0.35 EPS, FY2026 earnings at $0.14 EPS, FY2027 earnings at $0.36 EPS, FY2028 earnings at $0.46 EPS and FY2029 earnings at $0.51 EPS.

Several other equities analysts have also recently issued reports on BTG. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.12.

B2Gold Stock Up 0.7 %

Shares of B2Gold stock opened at $2.92 on Monday. The company has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $2.84. B2Gold has a 52-week low of $2.20 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a market capitalization of $3.85 billion, a PE ratio of -6.08, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is currently -16.67%.

Institutional Trading of B2Gold

A number of hedge funds have recently bought and sold shares of the company. Old West Investment Management LLC bought a new stake in shares of B2Gold during the 3rd quarter valued at about $670,000. FMR LLC boosted its holdings in shares of B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after buying an additional 438,399 shares during the last quarter. Invenomic Capital Management LP bought a new stake in B2Gold during the third quarter valued at approximately $2,636,000. Geode Capital Management LLC increased its holdings in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock valued at $7,544,000 after buying an additional 661,107 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after acquiring an additional 36,555 shares during the period. Hedge funds and other institutional investors own 61.40% 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.