B2Gold (NYSEAMERICAN:BTG) Shares Down 3.1%

B2Gold Corp. (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO's share price fell 3.1% during trading on Monday . The stock traded as low as $2.78 and last traded at $2.80. 3,495,188 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 11,701,938 shares. The stock had previously closed at $2.89.

Wall Street Analysts Forecast Growth

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

B2Gold Stock Performance

The business's 50 day simple moving average is $2.90. The company has a market capitalization of $3.53 billion, a PE ratio of 135.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. 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 announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share (EPS) 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 analyst estimates of $512.00 million. During the same period last year, the firm earned $0.15 EPS. The company's revenue for the quarter was down 13.6% compared to the same quarter last year. Sell-side analysts anticipate that B2Gold Corp. will post 0.22 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold's payout ratio is 400.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of B2Gold by 1,523.7% during the 4th quarter. US Bancorp DE now owns 7,891 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 7,405 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the 1st quarter valued at about $26,000. Stableford Capital II LLC acquired a new position in shares of B2Gold during the 1st quarter valued at about $34,000. C M Bidwell & Associates Ltd. acquired a new position in shares of B2Gold during the 3rd quarter valued at about $35,000. Finally, Atria Wealth Solutions Inc. acquired a new position in B2Gold in the fourth quarter valued at about $36,000. Institutional investors and hedge funds 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.