B2Gold (NYSE:BTG) Stock Price Up 3.4% – Here’s Why

Shares of B2Gold Corp. (NYSE:BTG) traded up 3.4% on Tuesday . The stock traded as high as $3.26 and last traded at $3.23. 4,967,753 shares changed hands during trading, a decline of 72% from the average session volume of 18,029,188 shares. The stock had previously closed at $3.12.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BTG. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, B2Gold currently has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Price Performance

The business’s 50-day moving average price is $2.66 and its 200 day moving average price is $2.83. The company has a market capitalization of $4.24 billion, a P/E ratio of -6.70, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.49%. B2Gold’s dividend payout ratio (DPR) is currently -16.67%.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Cantor Fitzgerald L. P. bought a new position in B2Gold in the 4th quarter worth about $25,000. Flow Traders U.S. LLC purchased a new stake in B2Gold in the third quarter valued at approximately $35,000. HighTower Advisors LLC purchased a new stake in B2Gold in the third quarter valued at approximately $36,000. Groupama Asset Managment bought a new stake in B2Gold during the fourth quarter valued at approximately $29,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in B2Gold in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors 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.