B2Gold (NYSE:BTG) Shares Gap Down - Time to Sell?

B2Gold Corp. (NYSE:BTG - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $3.15, but opened at $3.02. B2Gold shares last traded at $3.09, with a volume of 4,527,269 shares changing hands.

Wall Street Analysts Forecast Growth

BTG has been the topic of a number of research reports. National Bankshares restated an "outperform" rating on shares of B2Gold in a research report on Wednesday, April 2nd. TD Securities lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday. CIBC increased their price target on B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Raymond James reaffirmed an "outperform" rating and set a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.21.

B2Gold Stock Performance

The firm has a market cap of $4.06 billion, a P/E ratio of -6.41, a PEG ratio of 0.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock's 50-day moving average is $2.96 and its 200 day moving average is $2.83.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio is currently -16.67%.

Hedge Funds Weigh In On B2Gold

Several institutional investors and hedge funds have recently modified their holdings of BTG. Norges Bank acquired a new position in shares of B2Gold in the fourth quarter valued at approximately $40,192,000. American Century Companies Inc. increased its holdings in B2Gold by 31.3% during the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company's stock worth $55,436,000 after purchasing an additional 5,401,334 shares in the last quarter. Invesco Ltd. increased its holdings in B2Gold by 32.7% during the 4th quarter. Invesco Ltd. now owns 15,987,385 shares of the company's stock worth $39,009,000 after purchasing an additional 3,939,040 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of B2Gold by 577.0% in the fourth quarter. Bank of America Corp DE now owns 4,519,757 shares of the company's stock valued at $11,028,000 after purchasing an additional 3,852,095 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of B2Gold by 15.7% during the fourth quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company's stock worth $50,448,000 after buying an additional 2,799,520 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.