B2Gold (NYSE:BTG) Trading Up 4.9% – What’s Next?

B2Gold Corp. (NYSE:BTG)’s share price rose 4.9% on Thursday . The company traded as high as $2.87 and last traded at $2.90. Approximately 10,711,396 shares were traded during trading, a decline of 67% from the average daily volume of 32,123,955 shares. The stock had previously closed at $2.76.

Analyst Upgrades and Downgrades

BTG has been the subject of a number of recent research reports. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. CIBC lowered their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock’s fifty day moving average price is $2.58 and its 200-day moving average price is $2.81. The firm has a market cap of $3.90 billion, a PE ratio of -6.17, a P/E/G ratio of 0.33 and a beta of 1.09.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is -16.67%.

Institutional Trading of B2Gold

Several large investors have recently bought and sold shares of the company. Euro Pacific Asset Management LLC lifted its holdings in shares of B2Gold by 1.7% in the third quarter. Euro Pacific Asset Management LLC now owns 5,631,472 shares of the company’s stock valued at $17,386,000 after purchasing an additional 92,385 shares in the last quarter. KPP Advisory Services LLC grew its stake in B2Gold by 26.1% in the 3rd quarter. KPP Advisory Services LLC now owns 44,450 shares of the company’s stock worth $137,000 after acquiring an additional 9,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in B2Gold by 69.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after acquiring an additional 4,754,500 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of B2Gold by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,957,155 shares of the company’s stock valued at $12,243,000 after purchasing an additional 143,663 shares during the period. Institutional investors and hedge funds own 61.40% 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.