B2Gold (NYSE:BTG) Shares Gap Down – What’s Next?

B2Gold Corp. (NYSE:BTG) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.36, but opened at $3.28. B2Gold shares last traded at $3.37, with a volume of 4,693,859 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on BTG shares. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. Wall Street Zen raised B2Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. National Bankshares reaffirmed an “outperform” rating on shares of B2Gold in a research note on Wednesday, April 2nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $4.50 price objective on shares of B2Gold in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.21.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $2.80. The stock has a market capitalization of $4.57 billion, a PE ratio of -7.21, a P/E/G ratio of 0.33 and a beta of 0.43.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. Research analysts expect that B2Gold Corp. will post 0.4 EPS for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 2.31%. B2Gold’s payout ratio is currently -17.02%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTG. Norges Bank purchased a new position in B2Gold during the 4th quarter worth $40,192,000. Pale Fire Capital SE increased its holdings in B2Gold by 23.7% during the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company’s stock worth $184,789,000 after purchasing an additional 12,419,383 shares during the period. Nuveen LLC purchased a new position in B2Gold during the 1st quarter worth $24,949,000. American Century Companies Inc. increased its holdings in B2Gold by 31.3% during the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock worth $55,436,000 after purchasing an additional 5,401,334 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in B2Gold by 181.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company’s stock worth $23,253,000 after purchasing an additional 5,262,266 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

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.