B2Gold (NYSE:BTG) Shares Gap Up - Still a Buy?

B2Gold Corp. (NYSE:BTG - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.68, but opened at $2.74. B2Gold shares last traded at $2.66, with a volume of 7,121,365 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BTG shares. Bank of America lowered B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. CIBC lowered their price target on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a report on Wednesday, January 15th. TD Securities lowered B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. StockNews.com lowered B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, B2Gold currently has a consensus rating of "Hold" and a consensus target price of $4.02.

B2Gold Stock Performance

The business has a fifty day simple moving average of $2.55 and a two-hundred day simple moving average of $2.82. 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 company has a market cap of $3.53 billion, a PE ratio of -5.58, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09.

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B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.99%. B2Gold's dividend payout ratio is currently -16.67%.

Institutional Trading of B2Gold

A number of hedge funds have recently bought and sold shares of the stock. Creative Planning increased its position in shares of B2Gold by 6.2% during the third quarter. Creative Planning now owns 82,324 shares of the company's stock worth $254,000 after purchasing an additional 4,810 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of B2Gold during the third quarter worth $33,000. Concurrent Investment Advisors LLC increased its position in shares of B2Gold by 24.7% during the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock worth $82,000 after purchasing an additional 5,257 shares in the last quarter. Easterly Investment Partners LLC increased its position in shares of B2Gold by 8.5% during the third quarter. Easterly Investment Partners LLC now owns 1,642,235 shares of the company's stock worth $5,058,000 after purchasing an additional 129,195 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in shares of B2Gold during the third quarter worth $62,000. Hedge funds and other institutional investors own 61.40% of the company's stock.

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.