B2Gold Corp. (NYSE:BTG - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $3.18 and last traded at $3.11, with a volume of 48457912 shares trading hands. The stock had previously closed at $3.10.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC increased their price objective 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. Finally, National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, B2Gold has a consensus rating of "Hold" and an average target price of $4.21.
Check Out Our Latest Stock Analysis on B2Gold
B2Gold Price Performance
The stock has a market capitalization of $4.09 billion, a P/E ratio of -6.45, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43. The business has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $2.81. 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 Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is presently -16.67%.
Institutional Trading of B2Gold
Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised its position in B2Gold by 45.4% in the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock worth $41,000 after acquiring an additional 5,288 shares during the period. Cadence Wealth Management LLC raised its holdings in shares of B2Gold by 3.5% in the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock worth $580,000 after purchasing an additional 7,990 shares during the period. Signaturefd LLC lifted its stake in B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after purchasing an additional 8,250 shares during the last quarter. Independent Wealth Network Inc. purchased a new position in B2Gold in the first quarter valued at approximately $28,000. Finally, Cantor Fitzgerald L. P. bought a new position in B2Gold during the fourth quarter valued at $25,000. 61.40% of the stock is owned by hedge funds and other institutional investors.
B2Gold Company Profile
(
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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.
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