B2Gold (TSE:BTO) Trading Up 3.8% - Here's What Happened

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares rose 3.8% on Monday . The company traded as high as C$4.68 and last traded at C$4.64. Approximately 2,343,901 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 3,892,442 shares. The stock had previously closed at C$4.47.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. BMO Capital Markets reduced their price target on shares of B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. TD Securities cut B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, B2Gold currently has an average rating of "Moderate Buy" and an average target price of C$5.94.

B2Gold Stock Performance

The company has a market cap of C$4.24 billion, a P/E ratio of -5.28, a PEG ratio of -0.27 and a beta of 1.23. The business's 50 day simple moving average is C$4.13 and its 200 day simple moving average is C$3.99. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were paid 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 yield of 1.74%. B2Gold's payout ratio is presently -25.32%.

Insider Buying and Selling

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of B2Gold stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$333,009.60. Also, Director Jerry Korpan sold 120,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of C$4.63, for a total value of C$555,600.00. Over the last 90 days, insiders sold 535,145 shares of company stock worth $2,191,177. 0.66% of the stock is owned by corporate insiders.

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.