B2Gold (NYSE:BTG) Stock Price Down 3.7% - Here's Why

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.

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

Analyst Upgrades and Downgrades

BTG has been the topic of several research analyst reports. National Bankshares reissued an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. CIBC restated a "neutral" rating and issued a $4.00 price objective (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 target price on the stock in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.50.

B2Gold Stock Up 3.9%

The firm has a market capitalization of $5.94 billion, a P/E ratio of -9.35, a P/E/G ratio of 0.33 and a beta of 0.42. The company has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.46. 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 posted its quarterly earnings results 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 in the previous year, the business posted $0.06 earnings per share. The business's revenue was up 40.5% compared to the same quarter last year. On average, equities analysts expect that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th will be given 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 is -22.86%.

Institutional Trading of B2Gold

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its stake in shares of B2Gold by 875.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock worth $35,000 after purchasing an additional 8,750 shares during the last quarter. Independent Wealth Network Inc. purchased a new position in B2Gold in the 1st quarter worth about $28,000. International Assets Investment Management LLC purchased a new position in B2Gold in the 2nd quarter worth about $36,000. Sagard Holdings Management Inc. bought a new position in B2Gold during the 2nd quarter valued at about $39,000. Finally, Kercheville Advisors LLC bought a new stake in shares of B2Gold in the first quarter worth approximately $31,000. 61.40% of the stock is currently 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.