B2Gold (TSE:BTO) Trading Up 4% – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price rose 4% during trading on Monday . The stock traded as high as C$4.68 and last traded at C$4.65. Approximately 2,042,572 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 3,875,419 shares. The stock had previously closed at C$4.47.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BTO shares. BMO Capital Markets cut their price objective on shares of B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$5.94.

B2Gold Stock Performance

The stock’s 50-day moving average is C$4.07 and its 200-day moving average is C$3.98. The stock has a market cap of C$4.27 billion, a price-to-earnings ratio of -5.32, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is -25.32%.

Insider Transactions at B2Gold

In other news, Director Gregory Barnes acquired 50,000 shares of the business’s 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 William Lytle sold 54,062 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70. Over the last ninety days, insiders have sold 535,145 shares of company stock valued at $2,191,177. 0.66% of the stock is currently owned by insiders.

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.