B2Gold (TSE:BTO) Trading 4.9% Higher – Time to Buy?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price rose 4.9% during trading on Thursday . The stock traded as high as C$4.29 and last traded at C$4.27. Approximately 2,287,286 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 3,852,119 shares. The stock had previously closed at C$4.07.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTO. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. BMO Capital Markets cut their target price on shares of B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Finally, Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$5.94.

B2Gold Price Performance

The company has a market capitalization of C$3.93 billion, a price-to-earnings ratio of -4.89, a PEG ratio of -0.27 and a beta of 1.23. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a 50 day moving average price of C$4.00 and a 200 day moving average price of C$3.97.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued 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 1.88%. B2Gold’s dividend payout ratio is currently -25.32%.

Insider Activity

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$333,009.60. Also, Senior Officer Eduard Bartz sold 13,161 shares of the business’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 transaction, the insider now owns 16 shares of the company’s stock, valued at C$60.64. The trade was a 99.88 % decrease in their ownership of the stock. In the last quarter, insiders have sold 415,145 shares of company stock valued at $1,635,577. 0.66% of the stock is currently owned by insiders.

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.