B2Gold (NYSEAMERICAN:BTG) Sees Large Volume Increase

Shares of B2Gold Corp. (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO saw strong trading volume on Wednesday . 12,336,761 shares traded hands during trading, an increase of 15% from the previous session's volume of 10,740,653 shares.The stock last traded at $2.76 and had previously closed at $2.70.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on B2Gold from $4.00 to $3.50 and set a "sector perform" rating on the stock in a report on Thursday, March 28th. Jefferies Financial Group assumed coverage on B2Gold in a research note on Thursday, February 29th. They issued a "buy" rating and a $3.50 target price on the stock. Finally, CIBC cut 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 research note on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5.10.

B2Gold Trading Up 4.3 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. The stock has a market cap of $3.67 billion, a PE ratio of 141.07, a P/E/G ratio of 5.97 and a beta of 1.09. The business has a 50-day simple moving average of $2.93.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its quarterly earnings data 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). The firm had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The firm's quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Sell-side analysts predict that B2Gold Corp. will post 0.2 earnings per share for the current year.

B2Gold Announces Dividend

The business 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 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold's dividend payout ratio (DPR) is currently 400.20%.

Institutional Trading of B2Gold

Several large investors have recently bought and sold shares of BTG. Norges Bank acquired a new stake in B2Gold in the fourth quarter valued at about $50,125,000. Van ECK Associates Corp boosted its stake in B2Gold by 9.0% in the third quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company's stock valued at $450,601,000 after buying an additional 12,836,388 shares in the last quarter. Intact Investment Management Inc. boosted its stake in B2Gold by 332.9% in the third quarter. Intact Investment Management Inc. now owns 11,250,230 shares of the basic materials company's stock valued at $32,302,000 after buying an additional 8,651,430 shares in the last quarter. Vanguard Group Inc. raised its position in B2Gold by 20.3% in the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company's stock valued at $140,291,000 after purchasing an additional 8,177,437 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in B2Gold by 159.3% in the first quarter. Two Sigma Investments LP now owns 13,262,384 shares of the basic materials company's stock valued at $52,254,000 after purchasing an additional 8,147,929 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

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.