B2Gold (BTG) Stock Rating Lowered by TheStreet

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B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 25th.

Shares of B2Gold stock opened at $2.74 on Tuesday. B2Gold has a 1-year low of $2.10 and a 1-year high of $3.35.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Tuesday, March 12th. The basic materials company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $272.11 million for the quarter, compared to analyst estimates of $271.38 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new position in shares of B2Gold during the 4th quarter valued at $44,000. Highland Capital Management LLC purchased a new position in shares of B2Gold during the 4th quarter valued at $44,000. CIBC Asset Management Inc lifted its stake in B2Gold by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 989,646 shares of the basic materials company’s stock worth $2,893,000 after purchasing an additional 16,622 shares in the last quarter. Sigma Planning Corp purchased a new stake in B2Gold in the 4th quarter worth $50,000. Finally, BlackRock Inc. lifted its stake in B2Gold by 5.3% in the 4th quarter. BlackRock Inc. now owns 520,157 shares of the basic materials company’s stock worth $1,519,000 after purchasing an additional 26,042 shares in the last quarter.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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