B2Gold (NYSE:BTG) Shares Up 3.4% - Still a Buy?

Shares of B2Gold Corp. (NYSE:BTG - Get Free Report) were up 3.4% on Tuesday . The stock traded as high as $3.26 and last traded at $3.23. Approximately 4,967,753 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 18,029,188 shares. The stock had previously closed at $3.12.

Analyst Ratings Changes

A number of analysts have recently issued reports on BTG shares. CIBC raised their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a "neutral" rating in a report on Thursday, March 20th. TD Securities downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, February 21st. Finally, Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.12.

B2Gold Stock Down 9.1 %

The company's 50-day simple moving average is $2.71 and its two-hundred day simple moving average is $2.84. The firm has a market capitalization of $3.80 billion, a P/E ratio of -6.00, a P/E/G ratio of 0.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

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B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 2.78%. B2Gold's dividend payout ratio is currently -16.67%.

Institutional Trading of B2Gold

Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC grew its stake in shares of B2Gold by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after acquiring an additional 5,288 shares during the period. Cadence Wealth Management LLC lifted its holdings in B2Gold by 3.5% during the fourth quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock valued at $580,000 after purchasing an additional 7,990 shares in the last quarter. Signaturefd LLC boosted its position in shares of B2Gold by 176.1% in the fourth quarter. Signaturefd LLC now owns 12,935 shares of the company's stock worth $32,000 after purchasing an additional 8,250 shares during the period. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold during the 4th quarter valued at $25,000. Finally, FIL Ltd raised its position in shares of B2Gold by 37.5% during the 4th quarter. FIL Ltd now owns 38,047 shares of the company's stock valued at $93,000 after purchasing an additional 10,373 shares during the period. 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.