B2Gold (NYSE:BTG) Shares Gap Down - What's Next?

B2Gold Corp. (NYSE:BTG - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.36, but opened at $3.28. B2Gold shares last traded at $3.37, with a volume of 4,693,859 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on BTG. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James reiterated an "outperform" rating and set a $4.50 price target on shares of B2Gold in a report on Friday, April 4th. CIBC increased 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, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, B2Gold presently has an average rating of "Moderate Buy" and an average target price of $4.21.

B2Gold Stock Performance

The firm's 50 day moving average price is $3.09 and its 200-day moving average price is $2.81. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -7.02, a P/E/G ratio of 0.33 and a beta of 0.43. 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 announced 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 negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period in the prior year, the business earned $0.06 EPS. The business's quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 2.37%. B2Gold's dividend payout ratio is currently -17.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BTG. Independent Wealth Network Inc. acquired a new stake in shares of B2Gold in the 1st quarter valued at $28,000. Cantor Fitzgerald L. P. acquired a new stake in shares of B2Gold in the 4th quarter valued at $25,000. Kercheville Advisors LLC acquired a new stake in shares of B2Gold in the 1st quarter valued at $31,000. Walker Asset Management LLC acquired a new stake in shares of B2Gold in the 1st quarter valued at $32,000. Finally, Groupama Asset Managment acquired a new stake in shares of B2Gold in the 4th quarter valued at $29,000. 61.40% of the stock is owned by institutional investors.

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.