Investors Purchase High Volume of B2Gold Call Options (NYSE:BTG)

B2Gold Corp. (NYSE:BTG - Get Free Report) was the recipient of some unusual options trading activity on Friday. Investors purchased 11,388 call options on the stock. This is an increase of approximately 138% compared to the typical daily volume of 4,777 call options.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Wednesday, April 2nd. Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 31st. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Raymond James reaffirmed an "outperform" rating and issued a $4.50 price target on shares of B2Gold in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.21.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in shares of B2Gold by 45.4% in the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after purchasing an additional 5,288 shares during the period. Cadence Wealth Management LLC grew its stake in B2Gold by 3.5% in the 4th quarter. Cadence Wealth Management LLC now owns 237,696 shares of the company's stock valued at $580,000 after buying an additional 7,990 shares during the last quarter. Signaturefd LLC raised its holdings in B2Gold by 176.1% in the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company's stock valued at $32,000 after acquiring an additional 8,250 shares during the period. Cantor Fitzgerald L. P. acquired a new stake in B2Gold during the fourth quarter worth approximately $25,000. Finally, FIL Ltd boosted its holdings in shares of B2Gold by 37.5% during the fourth quarter. FIL Ltd now owns 38,047 shares of the company's stock worth $93,000 after acquiring an additional 10,373 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

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B2Gold Stock Performance

NYSE:BTG traded up $0.01 on Wednesday, hitting $3.32. The company's stock had a trading volume of 47,249,365 shares, compared to its average volume of 20,422,185. B2Gold has a one year low of $2.20 and a one year high of $3.51. The firm has a market capitalization of $4.38 billion, a P/E ratio of -6.92, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. The stock has a fifty day moving average of $2.86 and a two-hundred day moving average of $2.82. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is presently -16.67%.

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.