B2Gold (NYSE:BTG) Sees Strong Trading Volume – Should You Buy?

Shares of B2Gold Corp. (NYSE:BTG) saw strong trading volume on Tuesday . 33,069,794 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 20,198,756 shares.The stock last traded at $3.30 and had previously closed at $3.41.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BTG. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. CIBC lifted their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. Raymond James reaffirmed an “outperform” rating and set a $4.50 price objective on shares of B2Gold in a report on Friday, April 4th. Finally, National Bankshares reiterated an “outperform” rating on shares of B2Gold in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.21.

B2Gold Trading Down 3.4 %

The company has a market capitalization of $4.35 billion, a PE ratio of -6.86, a price-to-earnings-growth ratio of 0.33 and a beta of 0.93. The stock’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $2.81. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.02 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.43%. B2Gold’s dividend payout ratio is currently -16.67%.

Institutional Trading of B2Gold

A number of institutional investors and hedge funds have recently bought and sold shares of BTG. Walker Asset Management LLC bought a new position in shares of B2Gold during the first quarter valued at $32,000. PKO Investment Management Joint Stock Co bought a new position in B2Gold during the 4th quarter valued at about $1,516,000. Mackenzie Financial Corp boosted its holdings in shares of B2Gold by 56.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,019,331 shares of the company’s stock valued at $2,501,000 after acquiring an additional 368,961 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in shares of B2Gold in the fourth quarter worth approximately $276,000. Finally, Vident Advisory LLC raised its holdings in shares of B2Gold by 17.0% during the fourth quarter. Vident Advisory LLC now owns 315,546 shares of the company’s stock valued at $770,000 after purchasing an additional 45,915 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors.

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.