B2Gold (NYSE:BTG) Sees Unusually-High Trading Volume - Should You Buy?

B2Gold Corp. (NYSE:BTG - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 20,283,257 shares were traded during trading, an increase of 10% from the previous session's volume of 18,442,410 shares.The stock last traded at $2.87 and had previously closed at $3.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. CIBC upped their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.12.

B2Gold Stock Up 1.8 %

The firm's fifty day simple moving average is $2.72 and its two-hundred day simple moving average is $2.84. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -6.04, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

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B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 2.76%. B2Gold's payout ratio is -16.67%.

Institutional Investors Weigh In On B2Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTG. FMR LLC increased its position in shares of B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company's stock worth $183,862,000 after purchasing an additional 438,399 shares during the last quarter. Vanguard Group Inc. boosted its stake in B2Gold by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 53,010,477 shares of the company's stock worth $129,823,000 after buying an additional 1,165,204 shares during the period. Renaissance Technologies LLC increased its position in shares of B2Gold by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 27,186,655 shares of the company's stock valued at $66,335,000 after acquiring an additional 272,300 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of B2Gold by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,389,363 shares of the company's stock valued at $59,510,000 after acquiring an additional 130,638 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of B2Gold by 31.3% in the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after acquiring an additional 5,401,334 shares during the last quarter. Hedge funds and other institutional investors 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.