B2Gold (NYSE:BTG) Sees Large Volume Increase – Here’s Why

B2Gold Corp. (NYSE:BTG) saw an uptick in trading volume on Tuesday . 33,069,794 shares traded hands during trading, an increase of 64% from the previous session’s volume of 20,198,756 shares.The stock last traded at $3.30 and had previously closed at $3.41.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, CIBC lifted their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.21.

B2Gold Stock Down 1.0 %

The firm has a market capitalization of $4.38 billion, a PE ratio of -6.91, a P/E/G ratio of 0.33 and a beta of 0.93. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $2.87 and its two-hundred day moving average price is $2.82.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is -16.67%.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently bought and sold shares of the business. Cantor Fitzgerald L. P. purchased a new position in shares of B2Gold during the 4th quarter valued at approximately $25,000. Groupama Asset Managment bought a new position in B2Gold during the 4th quarter valued at $29,000. Schonfeld Strategic Advisors LLC acquired a new position in B2Gold during the 4th quarter worth $30,000. Signaturefd LLC raised its stake in shares of B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after purchasing an additional 8,250 shares in the last quarter. Finally, Walker Asset Management LLC bought a new position in shares of B2Gold during the first quarter worth about $32,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.