B2Gold (NYSEAMERICAN:BTG) Trading Down 8.3% - Should You Sell?

Key Points

• B2Gold shares plunged 8.3% intraday to $4.22 (low $4.07) from a prior close of $4.60, on about 24.6 million shares traded, roughly 39% below average session volume.
• The company posted an EPS miss of $0.11 versus $0.22 expected and revenue of $1.05 billion versus $1.15 billion expected, although revenue was up 110.9% year-over-year.
• Analysts hold an average "Hold" rating; the stock trades at a PE of 16.15 and its 50-day moving average ($5.21) sits noticeably above the current price, suggesting near-term weakness.

B2Gold Corp (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO's share price traded down 8.3% during trading on Thursday . The stock traded as low as $4.07 and last traded at $4.22. 24,616,426 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 40,337,480 shares. The stock had previously closed at $4.60.

Wall Street Analysts Forecast Growth

BTG has been the topic of a number of research analyst reports. Scotiabank reissued a "sector perform" rating on shares of B2Gold in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of B2Gold in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, B2Gold has an average rating of "Hold".

B2Gold Price Performance

The firm has a market capitalization of $5.62 billion, a PE ratio of 16.15, a P/E/G ratio of 0.50 and a beta of 0.55. The company has a current ratio of 1.06, a quick ratio of 0.47 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $5.21 and a two-hundred day moving average price of $4.82.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). B2Gold had a return on equity of 18.12% and a net margin of 13.13%.The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business earned $0.01 EPS. The company's quarterly revenue was up 110.9% compared to the same quarter last year. Sell-side analysts forecast that B2Gold Corp will post 0.26 earnings per share for the current year.

Institutional Trading of B2Gold

A number of large investors have recently bought and sold shares of BTG. StoneX Group Inc. boosted its stake in B2Gold by 2.1% in the 4th quarter. StoneX Group Inc. now owns 118,518 shares of the basic materials company's stock worth $535,000 after buying an additional 2,490 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company's stock worth $118,000 after acquiring an additional 3,888 shares during the period. SBI Securities Co. Ltd. grew its holdings in B2Gold by 17.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company's stock valued at $128,000 after purchasing an additional 4,236 shares during the period. Advyzon Investment Management LLC grew its holdings in B2Gold by 12.6% in the fourth quarter. Advyzon Investment Management LLC now owns 52,209 shares of the basic materials company's stock valued at $235,000 after purchasing an additional 5,842 shares during the period. Finally, Centric Wealth Management increased its position in B2Gold by 28.8% during the fourth quarter. Centric Wealth Management now owns 28,991 shares of the basic materials company's stock worth $142,000 after purchasing an additional 6,491 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world's largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company's flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.

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