B2Gold (NYSE:BTG) Shares Down 4.6% - Time to Sell?

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

Analyst Ratings Changes

Several research firms recently commented on BTG. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Tuesday, June 24th. Wall Street Zen raised B2Gold from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, Raymond James Financial raised B2Gold to a "moderate buy" rating and set a $4.50 price objective on the stock in a research note on Monday, June 30th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, B2Gold presently has an average rating of "Hold" and an average target price of $4.21.

B2Gold Stock Performance

The stock has a market cap of $4.51 billion, a price-to-earnings ratio of -7.11, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The company's 50-day simple moving average is $3.42 and its 200-day simple moving average is $2.98. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share (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 period in the previous year, the business posted $0.06 EPS. The firm's revenue was up 15.3% on a year-over-year basis. Analysts predict that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's dividend payout ratio is presently -17.02%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BTG. Pale Fire Capital SE boosted its stake in B2Gold by 23.7% in the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company's stock worth $184,789,000 after purchasing an additional 12,419,383 shares during the period. Vanguard Group Inc. grew its holdings in shares of B2Gold by 2.1% during the first quarter. Vanguard Group Inc. now owns 54,099,978 shares of the company's stock valued at $153,752,000 after buying an additional 1,089,501 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of B2Gold by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock valued at $66,335,000 after buying an additional 272,300 shares in the last quarter. American Century Companies Inc. raised its position in B2Gold by 17.1% during the first quarter. American Century Companies Inc. now owns 26,524,336 shares of the company's stock valued at $75,435,000 after buying an additional 3,865,565 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in B2Gold by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock worth $59,510,000 after acquiring an additional 130,638 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other 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.

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