B2Gold (TSE:BTO) Trading 4.7% Higher – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG) traded up 4.7% during trading on Thursday . The company traded as high as C$4.29 and last traded at C$4.26. 3,184,212 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 3,864,773 shares. The stock had previously closed at C$4.07.

Analyst Upgrades and Downgrades

BTO has been the subject of a number of recent research reports. BMO Capital Markets reduced their price target on shares of B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 31st. TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$5.94.

B2Gold Trading Up 4.7 %

The firm has a market capitalization of C$4.13 billion, a price-to-earnings ratio of -5.15, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The company has a 50 day moving average price of C$4.03 and a two-hundred day moving average price of C$3.98.

B2Gold Cuts Dividend

The business 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. This represents a $0.08 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -25.32%.

Insider Activity

In related news, Director Clive Thomas Johnson sold 86,496 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$333,009.60. Also, Director Gregory Barnes bought 50,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of C$4.07 per share, for a total transaction of C$203,500.00. Insiders have sold a total of 415,145 shares of company stock worth $1,635,577 over the last 90 days. 0.66% of the stock is currently owned by company insiders.

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.