B2Gold (TSE:BTO) Stock Price Up 4% – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price traded up 4% during mid-day trading on Monday . The company traded as high as C$4.68 and last traded at C$4.65. 2,042,572 shares changed hands during trading, a decline of 47% from the average session volume of 3,875,419 shares. The stock had previously closed at C$4.47.

Analyst Ratings Changes

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

B2Gold Stock Up 5.1 %

The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The company has a fifty day simple moving average of C$4.03 and a 200-day simple moving average of C$3.98. The firm has a market cap of C$4.34 billion, a P/E ratio of -5.41, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.70%. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

Insider Buying and Selling at B2Gold

In other news, Director Clive Thomas Johnson sold 86,496 shares of the company’s stock in a transaction that occurred on 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, Director Gregory Barnes purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of C$4.07 per share, with a total value of C$203,500.00. Insiders have sold 415,145 shares of company stock valued at $1,635,577 over the last 90 days. 0.66% of the stock is currently owned by corporate 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.