Cormark upgraded shares of B2Gold (NYSE:BTG - Free Report) from a hold rating to a moderate buy rating in a research report report published on Tuesday morning,Zacks.com reports. Cormark also issued estimates for B2Gold's Q1 2025 earnings at $0.07 EPS.
Several other analysts have also recently commented on the stock. Raymond James reiterated an "outperform" rating and issued a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.21.
Check Out Our Latest Stock Report on BTG
B2Gold Price Performance
BTG stock traded down $0.04 on Tuesday, reaching $3.05. 29,357,678 shares of the company's stock were exchanged, compared to its average volume of 21,848,328. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.51. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $2.97 and a 200-day moving average of $2.82. The firm has a market cap of $4.02 billion, a PE ratio of -6.34, a P/E/G ratio of 0.33 and a beta of 0.93.
B2Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is -16.67%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTG. Cantor Fitzgerald L. P. purchased a new stake in shares of B2Gold during the fourth quarter valued at approximately $25,000. Groupama Asset Managment acquired a new position in shares of B2Gold during the fourth quarter worth approximately $29,000. Schonfeld Strategic Advisors LLC bought a new position in B2Gold in the 4th quarter valued at about $30,000. Kercheville Advisors LLC bought a new position in B2Gold during the 1st quarter valued at $31,000. Finally, Signaturefd LLC grew its stake in shares of B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after purchasing an additional 8,250 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.
About B2Gold
(
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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.
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