B2Gold (NYSEAMERICAN:BTG) Trading Up 3.8%

B2Gold Corp. (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO traded up 3.8% during mid-day trading on Friday . The stock traded as high as $3.04 and last traded at $3.01. 3,475,596 shares were traded during trading, a decline of 70% from the average session volume of 11,463,820 shares. The stock had previously closed at $2.90.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of B2Gold from $4.00 to $3.50 and set a "sector perform" rating on the stock in a research report on Thursday, March 28th. Jefferies Financial Group initiated coverage on shares of B2Gold in a report on Thursday, February 29th. They issued a "buy" rating and a $3.50 price objective on the stock. Finally, CIBC cut shares of B2Gold from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $4.20 to $3.60 in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.10.

B2Gold Price Performance

The company has a market cap of $3.77 billion, a P/E ratio of 144.82, a P/E/G ratio of 1.92 and a beta of 1.09. The business's 50-day moving average is $2.92. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue for the quarter was down 13.6% on a year-over-year basis. On average, analysts predict that B2Gold Corp. will post 0.22 EPS for the current year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 annualized dividend and a yield of 5.53%. B2Gold's payout ratio is presently 400.20%.

Institutional Trading of B2Gold

A number of hedge funds and other institutional investors have recently modified their holdings of BTG. US Bancorp DE increased its stake in shares of B2Gold by 1,523.7% in the fourth quarter. US Bancorp DE now owns 7,891 shares of the basic materials company's stock worth $25,000 after purchasing an additional 7,405 shares in the last quarter. Independent Wealth Network Inc. purchased a new stake in shares of B2Gold in the first quarter worth $26,000. Stableford Capital II LLC purchased a new stake in shares of B2Gold in the first quarter worth $34,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of B2Gold in the third quarter worth $35,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of B2Gold in the fourth quarter worth $36,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

About B2Gold

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.