B2Gold (NYSE:BTG) Hits New 12-Month Low - What's Next?

B2Gold Corp. (NYSE:BTG - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.25 and last traded at $2.28, with a volume of 1057105 shares changing hands. The stock had previously closed at $2.41.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BTG. StockNews.com cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a report on Friday, October 4th. CIBC reduced their target price on B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, B2Gold presently has an average rating of "Hold" and an average target price of $4.02.

B2Gold Stock Up 2.1 %

The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -4.29, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. 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 stock has a 50 day moving average price of $2.61 and a 200 day moving average price of $2.87.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm's quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts forecast that B2Gold Corp. will post 0.22 EPS for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were paid a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 6.67%. B2Gold's payout ratio is -28.57%.

Institutional Trading of B2Gold

Several institutional investors have recently added to or reduced their stakes in BTG. E&G Advisors LP acquired a new stake in B2Gold during the third quarter worth approximately $31,000. Private Advisor Group LLC acquired a new stake in shares of B2Gold during the 3rd quarter worth approximately $33,000. Flow Traders U.S. LLC acquired a new position in shares of B2Gold during the 3rd quarter valued at $35,000. HighTower Advisors LLC bought a new position in B2Gold during the third quarter worth $36,000. Finally, Blue Trust Inc. boosted its stake in B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock worth $42,000 after acquiring an additional 5,764 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Company Profile

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.