B2Gold (TSE:BTO) Shares Down 2.8% – Should You Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price traded down 2.8% on Thursday . The stock traded as low as C$4.51 and last traded at C$4.52. 1,141,726 shares changed hands during trading, a decline of 71% from the average session volume of 3,922,967 shares. The stock had previously closed at C$4.65.

Analyst Ratings Changes

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

B2Gold Stock Down 1.3 %

The business’s fifty day simple moving average is C$4.13 and its two-hundred day simple moving average is C$3.99. The company has a market cap of C$4.24 billion, a PE ratio of -5.28, a PEG ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.74%. B2Gold’s payout ratio is -25.32%.

Insider Buying and Selling at B2Gold

In related news, Senior Officer Eduard Bartz sold 13,161 shares of the company’s stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the completion of the transaction, the insider now owns 16 shares in the company, valued at C$60.64. This represents a 99.88 % decrease in their position. Also, Director Clive Thomas Johnson sold 99,465 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total value of C$376,972.35. Over the last three months, insiders have sold 535,145 shares of company stock valued at $2,191,177. Company insiders own 0.66% 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.