B2Gold (NYSE:BTG) Shares Gap Down - Here's What Happened

B2Gold Corp. (NYSE:BTG - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $3.60, but opened at $3.52. B2Gold shares last traded at $3.56, with a volume of 10,311,030 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. National Bankshares restated an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James reiterated an "outperform" rating and issued a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. Finally, Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, B2Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.21.

B2Gold Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.85 billion, a PE ratio of -7.65, a PEG ratio of 0.33 and a beta of 0.43. The stock has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.82.

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 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%. The business's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts forecast that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Wednesday, June 11th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 2.18%. B2Gold's dividend payout ratio (DPR) is presently -17.02%.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently bought and sold shares of the company. Independent Wealth Network Inc. purchased a new position in B2Gold in the 1st quarter worth approximately $28,000. Cantor Fitzgerald L. P. acquired a new stake in shares of B2Gold in the fourth quarter valued at approximately $25,000. Kercheville Advisors LLC purchased a new position in B2Gold during the first quarter worth approximately $31,000. Walker Asset Management LLC purchased a new position in B2Gold during the first quarter worth approximately $32,000. Finally, Groupama Asset Managment acquired a new position in B2Gold during the fourth quarter worth $29,000. 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.