B2Gold (TSE:BTO) Stock Price Down 8.1% - What's Next?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price fell 8.1% on Friday . The company traded as low as C$4.11 and last traded at C$4.17. 3,490,010 shares were traded during trading, a decline of 5% from the average session volume of 3,678,473 shares. The stock had previously closed at C$4.54.

Analysts Set New Price Targets

A number of equities research analysts have 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. Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday. TD Securities downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets decreased their target price on B2Gold from C$7.00 to C$6.50 in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of C$5.94.

B2Gold Stock Up 1.0 %

The firm has a market capitalization of C$3.82 billion, a PE ratio of -4.75, a P/E/G ratio of -0.27 and a beta of 1.23. 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 company has a 50-day moving average price of C$3.90 and a 200 day moving average price of C$3.99.

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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 Thursday, March 20th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 1.94%. B2Gold's payout ratio is -25.32%.

Insider Buying and Selling at B2Gold

In related news, Senior Officer William Lytle sold 54,062 shares of B2Gold stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70. Also, Director Clive Thomas Johnson sold 86,496 shares of the company's stock in a transaction that occurred 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. In the last ninety days, insiders have sold 168,420 shares of company stock worth $649,531. 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.