B2Gold (NYSE:BTG) Sees Strong Trading Volume – What’s Next?

B2Gold Corp. (NYSE:BTG) shares saw strong trading volume on Friday . 17,184,401 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 22,031,461 shares.The stock last traded at $2.34 and had previously closed at $2.35.

Wall Street Analysts Forecast Growth

BTG has been the topic of a number of research reports. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, CIBC dropped their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, B2Gold has a consensus rating of “Hold” and an average price target of $4.02.

B2Gold Stock Down 0.2 %

The business has a fifty day moving average of $2.62 and a 200 day moving average of $2.87. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.09 billion, a P/E ratio of -4.19, a P/E/G ratio of 0.26 and a beta of 1.09.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. On average, equities research analysts predict that B2Gold Corp. will post 0.22 EPS for the current year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.82%. B2Gold’s dividend payout ratio is -28.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTG. Commonwealth Equity Services LLC increased its stake in B2Gold by 94.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock worth $232,000 after purchasing an additional 41,850 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of B2Gold by 212.2% in the second quarter. Canada Pension Plan Investment Board now owns 1,166,200 shares of the company’s stock valued at $3,128,000 after buying an additional 792,700 shares during the period. Sei Investments Co. increased its position in shares of B2Gold by 31.3% during the second quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after acquiring an additional 7,974 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of B2Gold by 2.2% during the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock worth $34,824,000 after acquiring an additional 282,070 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in B2Gold by 133.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after purchasing an additional 1,131,534 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

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.