Free Trial

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

B2Gold logo with Basic Materials background

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.

Get Our Latest Stock Analysis on B2Gold

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

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in B2Gold Right Now?

Before you consider B2Gold, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B2Gold wasn't on the list.

While B2Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines