B2Gold (NYSE:BTG) Trading Down 4.6% - Should You Sell?

B2Gold Corp. (NYSE:BTG - Get Free Report)'s stock price was down 4.6% during trading on Thursday . The company traded as low as $3.42 and last traded at $3.41. Approximately 26,601,060 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 29,623,739 shares. The stock had previously closed at $3.57.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BTG shares. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Raymond James Financial raised B2Gold to a "moderate buy" rating and set a $4.50 target price for the company in a research report on Monday, June 30th. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, four have issued 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.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.21.

B2Gold Trading Up 0.6%

The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The business has a fifty day moving average price of $3.45 and a 200 day moving average price of $3.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same quarter last year, the firm earned $0.06 earnings per share. The company's quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities analysts expect that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.29%. B2Gold's dividend payout ratio (DPR) is presently -17.02%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold in the fourth quarter valued at $25,000. Independent Wealth Network Inc. acquired a new position in shares of B2Gold in the first quarter valued at $28,000. Groupama Asset Managment acquired a new position in shares of B2Gold in the fourth quarter valued at $29,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of B2Gold in the fourth quarter valued at $30,000. Finally, Kercheville Advisors LLC acquired a new position in shares of B2Gold in the first quarter valued at $31,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

About B2Gold

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.