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

Key Points

• B2Gold's share price experienced a significant drop, gapping down from a previous close of $5.70 to open at $5.25, and last traded at $5.09 amid a trading volume of over 13 million shares.
• Analysts have mixed opinions about B2Gold, with National Bankshares maintaining an "outperform" rating while Zacks downgraded the stock to a "hold"; the average price target is $6.25.
• The company recently paid a quarterly dividend of $0.02 per share, with an annualized yield of 1.6%, despite reporting a negative net margin of 33.12%.

B2Gold Corp. (NYSE:BTG - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.70, but opened at $5.25. B2Gold shares last traded at $5.09, with a volume of 13,349,771 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Raymond James Financial raised their price objective on B2Gold from $4.75 to $6.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Finally, CIBC raised their price target on B2Gold from $4.50 to $6.50 and gave the stock a "neutral" rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, B2Gold has an average rating of "Hold" and an average price target of $6.25.

B2Gold Stock Down 10.2%

The firm has a fifty day moving average price of $4.56 and a 200-day moving average price of $3.79. 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 cap of $6.77 billion, a price-to-earnings ratio of -10.64, a PEG ratio of 0.33 and a beta of 0.45.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 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 last year, the firm posted $0.06 EPS. The firm's revenue for the quarter was up 40.5% compared to the same quarter last year. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were issued a $0.02 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.6%. B2Gold's dividend payout ratio (DPR) is presently -22.86%.

Institutional Trading of B2Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rathbones Group PLC increased its position in shares of B2Gold by 5.9% during the first quarter. Rathbones Group PLC now owns 83,160 shares of the company's stock worth $236,000 after acquiring an additional 4,623 shares during the last quarter. Hsbc Holdings PLC increased its holdings in B2Gold by 17.8% in the first quarter. Hsbc Holdings PLC now owns 44,238 shares of the company's stock valued at $126,000 after buying an additional 6,692 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of B2Gold by 875.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock valued at $35,000 after purchasing an additional 8,750 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of B2Gold by 7.5% during the first quarter. Northwest & Ethical Investments L.P. now owns 137,550 shares of the company's stock worth $391,000 after buying an additional 9,632 shares during the period. Finally, Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the first quarter worth approximately $28,000. 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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