B2Gold (TSE:BTO) Upgraded at Cormark

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG was upgraded by research analysts at Cormark from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Tuesday,Zacks.com reports. Cormark also issued estimates for B2Gold's Q1 2025 earnings at $0.10 EPS.

A number of other analysts have also recently weighed in on BTO. TD Securities cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Stifel Nicolaus upped their price objective on B2Gold from C$6.50 to C$7.50 in a research note on Monday, April 21st. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets cut their price target on B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, B2Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.93.

B2Gold Stock Performance

Shares of BTO traded down C$0.08 during midday trading on Tuesday, reaching C$4.19. 1,586,983 shares of the stock were exchanged, compared to its average volume of 3,891,921. The company has a market capitalization of C$3.87 billion, a price-to-earnings ratio of -4.82, a PEG ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$4.88. The business's 50-day moving average price is C$4.21 and its 200 day moving average price is C$3.99.

Insider Activity

In related news, Senior Officer William Lytle sold 54,062 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70. Also, Director Gregory Barnes bought 50,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Insiders sold 535,145 shares of company stock worth $2,191,177 in the last 90 days. 0.66% of the stock is currently owned by corporate insiders.

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.