B2Gold (TSE:BTO) Shares Down 2.6% - Here's Why

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price dropped 2.6% on Tuesday . The company traded as low as C$4.56 and last traded at C$4.56. Approximately 2,045,218 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 3,931,512 shares. The stock had previously closed at C$4.68.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. TD Securities lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Bank of America lowered shares of 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, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, B2Gold currently has an average rating of "Moderate Buy" and an average target price of C$5.93.

B2Gold Stock Performance

The stock has a market cap of C$3.95 billion, a P/E ratio of -4.92, a PEG ratio of -0.27 and a beta of 1.23. The stock has a fifty day simple moving average of C$4.21 and a 200-day simple moving average of C$4.00. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's payout ratio is -25.32%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Gregory Barnes purchased 50,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of C$4.07 per share, for a total transaction of C$203,500.00. Also, Senior Officer Eduard Bartz sold 13,161 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 16 shares in the company, valued at approximately C$60.64. This represents a 99.88 % decrease in their position. Over the last 90 days, insiders sold 535,145 shares of company stock valued at $2,191,177. Corporate 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.