B2Gold Corp. (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO's stock price traded down 2.5% on Thursday . The stock traded as low as $2.74 and last traded at $2.75. 2,727,087 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 11,011,636 shares. The stock had previously closed at $2.82.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of B2Gold in a research note on Thursday, February 29th. They issued a "buy" rating and a $3.50 price objective on the stock. Royal Bank of Canada cut their price objective on shares of B2Gold from $4.00 to $3.50 and set a "sector perform" rating for the company in a report on Thursday, March 28th. Finally, CIBC lowered shares of B2Gold from an "outperform" rating to a "neutral" rating and cut their target price for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.10.
Read Our Latest Report on BTG
B2Gold Price Performance
The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 138.57, a P/E/G ratio of 6.11 and a beta of 1.09. The company has a 50-day simple moving average of $2.93. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04.
B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The business 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 business posted $0.15 earnings per share. The firm's revenue for the quarter was down 13.6% compared to the same quarter last year. Sell-side analysts predict that B2Gold Corp. will post 0.2 earnings per share for the current fiscal year.
B2Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 5.86%. B2Gold's dividend payout ratio is currently 400.20%.
Hedge Funds Weigh In On B2Gold
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of B2Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 49,399,970 shares of the basic materials company's stock valued at $156,104,000 after buying an additional 856,269 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of B2Gold by 253.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,462,220 shares of the basic materials company's stock valued at $14,101,000 after buying an additional 3,198,937 shares during the period. Virtu Financial LLC purchased a new position in B2Gold in the fourth quarter valued at about $525,000. Price T Rowe Associates Inc. MD purchased a new position in B2Gold in the fourth quarter valued at about $23,622,000. Finally, Virtus ETF Advisers LLC grew its stake in B2Gold by 14.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 65,177 shares of the basic materials company's stock valued at $206,000 after purchasing an additional 8,114 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company's stock.
About B2Gold
(
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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.
Further Reading
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