B2Gold (TSE:BTO) Trading 3.1% Higher - What's Next?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shot up 3.1% on Monday . The stock traded as high as C$4.67 and last traded at C$4.61. 1,551,002 shares were traded during trading, a decline of 60% from the average session volume of 3,869,236 shares. The stock had previously closed at C$4.47.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BTO shares. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. BMO Capital Markets lowered their price target on B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. Cormark cut shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, TD Securities lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$5.94.

B2Gold Stock Down 1.3 %

The firm's 50 day moving average price is C$4.13 and its two-hundred day moving average price is C$3.99. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market capitalization of C$4.24 billion, a P/E ratio of -5.28, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is presently -25.32%.

Insider Buying and Selling

In related news, Director Gregory Barnes acquired 50,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Also, Senior Officer Eduard Bartz sold 27,862 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$3.89, for a total value of C$108,383.18. Following the completion of the transaction, the insider now directly owns 16 shares of the company's stock, valued at approximately C$62.24. This trade represents a 99.94 % decrease in their position. In the last 90 days, insiders sold 535,145 shares of company stock valued at $2,191,177. Company insiders own 0.66% 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.