B2Gold (TSE:BTO) Trading 4.8% Higher - Time to Buy?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price rose 4.8% during trading on Wednesday . The company traded as high as C$4.00 and last traded at C$3.96. Approximately 2,127,434 shares traded hands during trading, a decline of 44% from the average daily volume of 3,802,260 shares. The stock had previously closed at C$3.78.

Analysts Set New Price Targets

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

B2Gold Stock Performance

The firm has a 50 day moving average price of C$4.03 and a 200-day moving average price of C$3.98. The stock has a market capitalization of C$4.35 billion, a PE ratio of -5.42, a PEG ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

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B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is currently -25.32%.

Insider Buying and Selling

In other B2Gold news, Senior Officer Eduard Bartz sold 13,161 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total value of C$49,880.19. Following the completion of the transaction, the insider now directly owns 16 shares of the company's stock, valued at approximately C$60.64. The trade was a 99.88 % decrease in their ownership of the stock. Also, Director Clive Thomas Johnson sold 86,496 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$333,009.60. Insiders sold a total of 415,145 shares of company stock valued at $1,635,577 over the last 90 days. Insiders own 0.66% 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.