B2Gold (NYSE:BTG) Stock Price Down 3.7% - What's Next?

Key Points

• B2Gold Corp. shares fell 3.7% to $4.33, with a significant drop in trading volume, down 73% from average levels.
• Analysts have mixed views on B2Gold, with ratings ranging from "strong buy" to "sell," and a consensus rating of "hold" with an average price target of $4.31.
• The company reported earnings of $0.12 per share for the last quarter, missing expectations, despite a 40.5% increase in revenue year-over-year.

Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) were down 3.7% during trading on Monday . The stock traded as low as $4.19 and last traded at $4.33. Approximately 11,025,103 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 41,280,652 shares. The stock had previously closed at $4.49.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BTG shares. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price objective on the stock in a report on Monday, June 30th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. Zacks Research downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, CIBC reissued a "neutral" rating and set a $4.00 price target (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, B2Gold currently has a consensus rating of "Hold" and an average target price of $4.31.

B2Gold Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock has a market capitalization of $5.81 billion, a PE ratio of -9.15, a P/E/G ratio of 0.33 and a beta of 0.42. The stock's fifty day moving average is $3.78 and its 200-day moving average is $3.41.

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 negative net margin of 33.12% and a positive return on equity of 5.65%. B2Gold's revenue for the quarter was up 40.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. As a group, equities analysts predict that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio (DPR) is presently -22.86%.

Hedge Funds Weigh In On B2Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. purchased a new position in B2Gold during the second quarter valued at $3,956,000. Headlands Technologies LLC purchased a new position in shares of B2Gold in the second quarter worth about $186,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of B2Gold by 7.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 800,942 shares of the company's stock worth $2,896,000 after buying an additional 58,750 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of B2Gold in the second quarter worth about $234,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of B2Gold in the second quarter worth about $413,000. 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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