B2Gold (NYSE:BTG) Trading Down 2.5% - What's Next?

B2Gold Corp. (NYSE:BTG - Get Free Report)'s stock price traded down 2.5% during mid-day trading on Tuesday . The company traded as low as $3.34 and last traded at $3.32. 34,238,962 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 21,066,441 shares. The stock had previously closed at $3.40.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTG. Scotiabank upgraded 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. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. Finally, Raymond James reissued an "outperform" rating and issued a $4.50 price target on shares of B2Gold in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $4.21.

B2Gold Stock Down 2.2 %

The stock has a market capitalization of $4.07 billion, a P/E ratio of -6.42, a PEG ratio of 0.33 and a beta of 0.93. The firm's 50-day simple moving average is $2.97 and its 200 day simple moving average is $2.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.60%. B2Gold's dividend payout ratio is -16.67%.

Institutional Trading of B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in B2Gold by 45.4% in the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after purchasing an additional 5,288 shares during the last quarter. Cadence Wealth Management LLC boosted its stake in shares of B2Gold by 3.5% during the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock worth $580,000 after acquiring an additional 7,990 shares during the period. Signaturefd LLC increased its holdings in shares of B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after acquiring an additional 8,250 shares during the last quarter. Cantor Fitzgerald L. P. bought a new stake in B2Gold in the 4th quarter valued at $25,000. Finally, FIL Ltd lifted its holdings in B2Gold by 37.5% during the 4th quarter. FIL Ltd now owns 38,047 shares of the company's stock valued at $93,000 after purchasing an additional 10,373 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Company Profile

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.