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

B2Gold Corp. (NYSE:BTG - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $3.14, but opened at $3.00. B2Gold shares last traded at $2.96, with a volume of 5,742,524 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BTG shares. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, TD Securities cut B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $4.21.

B2Gold Stock Performance

The firm has a fifty day moving average of $3.03 and a 200-day moving average of $2.80. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -6.11, a PEG ratio of 0.33 and a beta of 0.43. 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 quarterly earnings data on Wednesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The business's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, sell-side analysts anticipate that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's payout ratio is -17.02%.

Hedge Funds Weigh In On B2Gold

Several hedge funds have recently bought and sold shares of BTG. Cantor Fitzgerald L. P. purchased a new position in B2Gold during the fourth quarter worth $25,000. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold in the first quarter valued at $28,000. Groupama Asset Managment purchased a new stake in shares of B2Gold in the fourth quarter valued at $29,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of B2Gold in the fourth quarter valued at $30,000. Finally, Kercheville Advisors LLC purchased a new stake in shares of B2Gold in the first quarter valued at $31,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

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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