NEW YORK (TheStreet) -- Shares of B2Gold are falling, down 7.36% to $2.14 in midday trading on Wednesday, dragged down by peer mining company Eldorado Gold and its disappointing 2015 production outlook released late yesterday, despite higher gold prices. Eldorado Gold reported record gold production in 2014 totaling 789,000 ounces and cash operating costs averaging $500 per ounce. But, the mining company expects 2015 production to decline to a range of between 640,000 - 700,000 ounces with cash costs of between $570 to $615 per ounce. This morning, Credit Suisse downgraded Eldorado Gold to "neutral" from "outperform," while TD Securities lowered its rating on shares to "hold" from "buy," saying the company's solid finish to 2014 is overshadowed by the weak 2015 outlook. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Gold climbed to hit $1,303.20 an ounce earlier this morning for the first time since Aug. 18, 2014 due to the softer dollar, worries about the global economy and hopes of stimulus measures from the European Central Bank, CNBC reports. Canada-based B2Gold is a gold producer with three operating mines including two in Nicaragua and one in the Philippines, as well as a portfolio of development and exploration assets in Namibia, Nicaragua, Mali, Burkina Faso and Colombia. Separately, TheStreet Ratings team rates B2GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate B2GOLD CORP (BTG) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows: B2GOLD CORP's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, B2GOLD CORP reported lower earnings of $0.07 versus $0.14 in the prior year. The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 3548.2% when compared to the same quarter one year ago, falling from $7.95 million to -$274.10 million. Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, B2GOLD CORP underperformed against that of the industry average and is significantly less than that of the S&P 500. Net operating cash flow has declined marginally to $33.18 million or 6.40% when compared to the same quarter last year. Despite a decrease in cash flow B2GOLD CORP is still fairing well by exceeding its industry average cash flow growth rate of -29.07%. This stock's share value has moved by only 11.90% over the past year. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time. You can view the full analysis from the report here: BTG Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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