B2Gold (NYSE:BTG) Trading Down 3.9%

B2Gold Corp. (NYSE:BTG) fell 3.9% during mid-day trading on Friday . The company traded as low as $3.20 and last traded at $3.20. 8,350,411 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 12,405,065 shares. The stock had previously closed at $3.33.

Analysts Set New Price Targets

BTG has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Jefferies Financial Group increased their price target on B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Finally, CIBC boosted their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and an average target price of $3.78.

B2Gold Stock Down 3.6 %

The company has a market capitalization of $4.20 billion, a PE ratio of -108.00, a PEG ratio of 0.54 and a beta of 1.14. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $2.89.

B2Gold (NYSE:BTG) last announced its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm had revenue of $492.57 million during the quarter. On average, equities analysts forecast that B2Gold Corp. will post 0.25 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.98%. B2Gold’s payout ratio is presently -533.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC bought a new position in shares of B2Gold during the 2nd quarter worth $40,000. Baader Bank Aktiengesellschaft bought a new position in B2Gold in the 2nd quarter worth approximately $42,000. Concurrent Investment Advisors LLC bought a new position in B2Gold in the 2nd quarter worth approximately $57,000. Point72 DIFC Ltd grew its stake in B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock valued at $58,000 after buying an additional 3,053 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in B2Gold by 69.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after acquiring an additional 9,258 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

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.