B2Gold (NYSE:BTG) Shares Up 7.9% - Should You Buy?

Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) rose 7.9% during mid-day trading on Monday . The stock traded as high as $3.66 and last traded at $3.64. Approximately 11,125,122 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 25,419,471 shares. The stock had previously closed at $3.37.

Analysts Set New Price Targets

BTG has been the subject of several research reports. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. CIBC raised their price objective on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Wall Street Zen upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $4.21.

B2Gold Stock Up 2.2%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The business has a 50 day simple moving average of $3.11 and a 200-day simple moving average of $2.82. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -7.65, a P/E/G ratio of 0.33 and a beta of 0.43.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The company's quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts expect that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The business also recently disclosed 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 of this dividend is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.18%. B2Gold's payout ratio is currently -17.02%.

Institutional Trading of B2Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of B2Gold by 23.7% during the third quarter. Barclays PLC now owns 910,558 shares of the company's stock worth $2,804,000 after buying an additional 174,477 shares during the period. Bank of New York Mellon Corp boosted its holdings in B2Gold by 146.3% during the 4th quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company's stock valued at $1,333,000 after acquiring an additional 324,491 shares during the period. Sprott Inc. grew its position in B2Gold by 10.1% in the 4th quarter. Sprott Inc. now owns 3,081,222 shares of the company's stock valued at $7,518,000 after acquiring an additional 282,774 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in B2Gold during the fourth quarter worth about $123,000. Finally, DJE Kapital AG acquired a new stake in shares of B2Gold during the fourth quarter worth about $2,036,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

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.