B2Gold (NYSE:BTG) Shares Gap Down – Here’s What Happened

Shares of B2Gold Corp. (NYSE:BTG) gapped down before the market opened on Tuesday . The stock had previously closed at $3.60, but opened at $3.52. B2Gold shares last traded at $3.56, with a volume of 10,311,030 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BTG shares. National Bankshares reaffirmed an “outperform” rating on shares of B2Gold in a research note on Wednesday, April 2nd. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Raymond James restated an “outperform” rating and set a $4.50 price target on shares of B2Gold in a research note on Friday, April 4th. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.21.

B2Gold Stock Performance

The company’s 50 day moving average price is $3.13 and its 200-day moving average price is $2.83. The stock has a market cap of $4.85 billion, a P/E ratio of -7.65, a price-to-earnings-growth ratio of 0.33 and a beta of 0.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts forecast that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Wednesday, June 11th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.18%. B2Gold’s payout ratio is presently -17.02%.

Institutional Trading of B2Gold

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC boosted its position in B2Gold by 5.9% in the first quarter. Rathbones Group PLC now owns 83,160 shares of the company’s stock worth $236,000 after purchasing an additional 4,623 shares during the last quarter. HighTower Advisors LLC increased its position in shares of B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock valued at $41,000 after purchasing an additional 5,288 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of B2Gold by 17.8% during the 1st quarter. Hsbc Holdings PLC now owns 44,238 shares of the company’s stock worth $126,000 after purchasing an additional 6,692 shares during the period. Cadence Wealth Management LLC boosted its holdings in shares of B2Gold by 3.5% in the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company’s stock worth $580,000 after buying an additional 7,990 shares during the last quarter. Finally, Signaturefd LLC grew its position in B2Gold by 176.1% during the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after buying an additional 8,250 shares during the period. 61.40% of the stock is owned by hedge funds and other 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.