B2Gold (NYSE:BTG) Hits New 52-Week Low – What’s Next?

B2Gold Corp. (NYSE:BTG)’s share price reached a new 52-week low on Thursday . The company traded as low as $2.25 and last traded at $2.28, with a volume of 1057105 shares. The stock had previously closed at $2.41.

Analyst Upgrades and Downgrades

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

B2Gold Stock Down 5.6 %

The business has a fifty day moving average of $2.62 and a 200 day moving average of $2.87. 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 stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -4.06, a PEG ratio of 0.27 and a beta of 1.09.

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

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is currently -28.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BTG. Euro Pacific Asset Management LLC raised its holdings in shares of B2Gold by 0.8% in the 4th quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock valued at $13,924,000 after purchasing an additional 45,605 shares in the last quarter. JPMorgan Chase & Co. raised its stake in B2Gold by 525.1% in the third quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock valued at $1,594,000 after buying an additional 434,775 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in B2Gold during the 3rd quarter worth about $50,000. Virtu Financial LLC boosted its position in shares of B2Gold by 26.8% during the 3rd quarter. Virtu Financial LLC now owns 105,206 shares of the company’s stock worth $324,000 after acquiring an additional 22,232 shares in the last quarter. Finally, Old West Investment Management LLC purchased a new position in shares of B2Gold in the 3rd quarter valued at about $670,000. 61.40% of the stock is owned by institutional investors and hedge funds.

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.