B2Gold (NYSE:BTG) Shares Up 4.7% – Time to Buy?

Shares of B2Gold Corp. (NYSE:BTG) traded up 4.7% during trading on Monday . The company traded as high as $3.48 and last traded at $3.48. 5,286,253 shares were traded during mid-day trading, a decline of 74% from the average session volume of 20,684,792 shares. The stock had previously closed at $3.32.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $4.50 price objective on shares of B2Gold in a report on Friday, April 4th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. National Bankshares reissued an “outperform” rating on shares of B2Gold in a research report on Wednesday, April 2nd. Finally, CIBC lifted their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.21.

B2Gold Stock Performance

The stock’s 50-day simple moving average is $2.90 and its 200-day simple moving average is $2.82. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of -7.00, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio is currently -16.67%.

Institutional Trading of B2Gold

A number of institutional investors have recently modified their holdings of the stock. Cantor Fitzgerald L. P. bought a new stake in B2Gold during the fourth quarter worth about $25,000. Groupama Asset Managment acquired a new position in shares of B2Gold in the 4th quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold during the 4th quarter worth approximately $30,000. Kercheville Advisors LLC acquired a new stake in shares of B2Gold during the 1st quarter worth approximately $31,000. Finally, Signaturefd LLC increased its stake in B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after acquiring an additional 8,250 shares during the last quarter. 61.40% of the stock is currently owned by 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.