B2Gold (NYSE:BTG) Trading 4.7% Higher - Here's What Happened

B2Gold Corp. (NYSE:BTG - Get Free Report) shares rose 4.7% during trading on Monday . The stock traded as high as $3.48 and last traded at $3.48. Approximately 5,286,253 shares traded hands during trading, a decline of 74% from the average daily volume of 20,684,792 shares. The stock had previously closed at $3.32.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BTG shares. Raymond James reissued an "outperform" rating and set a $4.50 target price on shares of B2Gold in a research note on Friday, April 4th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. National Bankshares restated an "outperform" rating on shares of B2Gold in a report on Wednesday, April 2nd. CIBC increased their target price on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One investment 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 company's stock. According to MarketBeat, B2Gold has a consensus rating of "Hold" and a consensus price target of $4.21.

B2Gold Trading Down 1.7 %

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 stock has a market cap of $4.09 billion, a price-to-earnings ratio of -6.44, a P/E/G ratio of 0.33 and a beta of 0.93. The business's 50 day moving average is $2.96 and its 200 day moving average is $2.83.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.58%. B2Gold's payout ratio is currently -16.67%.

Hedge Funds Weigh In On B2Gold

Several hedge funds have recently added to or reduced their stakes in BTG. HighTower Advisors LLC acquired a new position in shares of B2Gold in the 3rd quarter valued at $36,000. Barclays PLC boosted its stake in B2Gold by 23.7% in the third quarter. Barclays PLC now owns 910,558 shares of the company's stock valued at $2,804,000 after acquiring an additional 174,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in B2Gold by 46.7% in the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company's stock valued at $7,544,000 after acquiring an additional 661,107 shares in the last quarter. Virtu Financial LLC increased its position in shares of B2Gold by 26.8% during the third quarter. Virtu Financial LLC now owns 105,206 shares of the company's stock worth $324,000 after purchasing an additional 22,232 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of B2Gold in the 3rd quarter valued at about $50,000. 61.40% of the stock is currently owned by hedge funds and other 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.