Cormark Downgrades B2Gold (NYSE:BTG) to Hold

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

A number of other equities analysts have also recently issued reports on the company. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, CIBC lifted their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. One 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. According to data from MarketBeat, B2Gold currently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Stock Performance

NYSE BTG opened at $2.90 on Monday. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The stock has a market cap of $3.82 billion, a PE ratio of -6.04, a PEG ratio of 0.33 and a beta of 1.09. 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 firm’s fifty day moving average price is $2.73 and its two-hundred day moving average price is $2.84.

Institutional Trading of B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Old West Investment Management LLC bought a new stake in shares of B2Gold in the 3rd quarter valued at $670,000. FMR LLC boosted its position in B2Gold by 0.7% during the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after acquiring an additional 438,399 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in B2Gold during the 3rd quarter worth about $2,636,000. Geode Capital Management LLC raised its position in shares of B2Gold by 46.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after acquiring an additional 661,107 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of B2Gold by 62.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.