Cormark Downgrades B2Gold (NYSE:BTG) to Hold

B2Gold (NYSE:BTG) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports. Cormark also issued estimates for B2Gold’s Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $0.62 EPS.

Several other research firms also recently commented on BTG. National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Wednesday, July 16th. CIBC lifted their price target on shares of B2Gold from $4.50 to $6.50 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Raymond James Financial increased their price objective on shares of B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Zacks Research cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.25.

B2Gold Stock Performance

BTG stock opened at $3.91 on Friday. The stock’s 50 day simple moving average is $4.76 and its 200 day simple moving average is $3.94. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 12-month low of $2.20 and a 12-month high of $5.94. The stock has a market capitalization of $5.20 billion, a PE ratio of -8.15, a price-to-earnings-growth ratio of 0.33 and a beta of 0.44.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.During the same period last year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 74.7% compared to the same quarter last year. As a group, research analysts forecast that B2Gold will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of B2Gold by 119.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company’s stock worth $123,897,000 after acquiring an additional 18,703,995 shares during the period. Norges Bank bought a new stake in B2Gold during the 2nd quarter valued at approximately $60,516,000. Pale Fire Capital SE lifted its holdings in B2Gold by 23.7% in the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company’s stock worth $184,789,000 after purchasing an additional 12,419,383 shares in the last quarter. Nuveen LLC bought a new position in B2Gold in the 1st quarter worth approximately $24,949,000. Finally, Goldman Sachs Group Inc. boosted its stake in B2Gold by 181.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company’s stock worth $23,253,000 after purchasing an additional 5,262,266 shares during the period. 61.40% of the stock is owned by institutional investors.

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.