B2Gold (NYSE:BTG) Reaches New 1-Year Low - What's Next?

B2Gold Corp. (NYSE:BTG - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2.34 and last traded at $2.41, with a volume of 7056825 shares trading hands. The stock had previously closed at $2.49.

Wall Street Analyst Weigh In

BTG has been the topic of a number of analyst reports. StockNews.com lowered B2Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th. Cibc World Mkts downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Finally, Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $4.12.

B2Gold Stock Up 0.8 %

The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.30 billion, a PE ratio of -4.48, a P/E/G ratio of 0.53 and a beta of 1.09. The business has a 50 day moving average of $2.69 and a 200-day moving average of $2.89.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $448.23 million for the quarter, compared to analysts' expectations of $449.28 million. During the same period in the prior year, the business earned $0.05 EPS. The business's quarterly revenue was down 6.2% compared to the same quarter last year. Equities research analysts predict that B2Gold Corp. will post 0.23 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date was Monday, December 2nd. B2Gold's dividend payout ratio is presently -28.57%.

Hedge Funds Weigh In On B2Gold

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in B2Gold by 40.6% during the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company's stock valued at $566,312,000 after buying an additional 47,967,010 shares during the last quarter. FMR LLC grew its stake in shares of B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company's stock valued at $183,862,000 after buying an additional 438,399 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in B2Gold by 66.9% in the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after buying an additional 7,165,600 shares in the last quarter. Bank of Montreal Can grew its stake in shares of B2Gold by 2.2% during the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company's stock valued at $34,824,000 after acquiring an additional 282,070 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company's stock valued at $33,053,000 after purchasing an additional 3,474,553 shares in the last quarter. 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.