B2Gold Corp. (NYSE:BTG - Get Free Report) saw strong trading volume on Friday . 17,184,401 shares traded hands during trading, a decline of 22% from the previous session's volume of 22,031,461 shares.The stock last traded at $2.34 and had previously closed at $2.35.
Analysts Set New Price Targets
Several research analysts have recently weighed in on BTG shares. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, CIBC reduced their price objective on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.02.
Read Our Latest Research Report on B2Gold
B2Gold Stock Performance
The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a market cap of $3.16 billion, a PE ratio of -4.29, a PEG ratio of 0.26 and a beta of 1.09. The business has a 50-day simple moving average of $2.61 and a 200 day simple moving average of $2.87.
B2Gold (NYSE:BTG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The firm had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. B2Gold's revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. Equities research analysts forecast that B2Gold Corp. will post 0.22 EPS for the current year.
B2Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 6.67%. B2Gold's dividend payout ratio is presently -28.57%.
Institutional Trading of B2Gold
Institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd boosted its holdings in shares of B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company's stock valued at $58,000 after purchasing an additional 3,053 shares during the last quarter. Moors & Cabot Inc. boosted its stake in B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after buying an additional 3,500 shares during the last quarter. Creative Planning grew its holdings in B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company's stock valued at $254,000 after buying an additional 4,810 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in B2Gold by 24.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock valued at $82,000 after buying an additional 5,257 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after acquiring an additional 5,764 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company's stock.
B2Gold Company Profile
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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.
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