B2Gold (TSE:BTO) Trading Up 3.2% - Still a Buy?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price traded up 3.2% during mid-day trading on Wednesday . The company traded as high as C$4.00 and last traded at C$3.90. 1,426,895 shares were traded during trading, a decline of 62% from the average session volume of 3,779,519 shares. The stock had previously closed at C$3.78.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cormark lowered B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, March 31st. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. TD Securities cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets lowered their price target on shares of B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, B2Gold presently has an average rating of "Hold" and an average price target of C$5.94.

B2Gold Stock Performance

The company has a 50 day simple moving average of C$4.03 and a 200-day simple moving average of C$3.98. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The stock has a market cap of C$4.35 billion, a P/E ratio of -5.42, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

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B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio is currently -25.32%.

Insider Buying and Selling at B2Gold

In related news, Director Gregory Barnes bought 50,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of C$4.07 per share, with a total value of C$203,500.00. Also, Senior Officer Randall Chatwin sold 30,150 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of C$4.17, for a total value of C$125,725.50. Insiders have sold 415,145 shares of company stock worth $1,635,577 over the last ninety days. Insiders own 0.66% of the company's stock.

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.