B2Gold (NYSE:BTG) Trading 3.4% Higher – Should You Buy?

Shares of B2Gold Corp. (NYSE:BTG) shot up 3.4% during trading on Tuesday . The company traded as high as $3.26 and last traded at $3.23. 4,967,753 shares traded hands during trading, a decline of 72% from the average session volume of 18,029,188 shares. The stock had previously closed at $3.12.

Analyst Ratings Changes

BTG has been the topic of several research reports. CIBC upped their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Finally, TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.12.

B2Gold Stock Up 3.0 %

The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.24 billion, a P/E ratio of -6.70, a P/E/G ratio of 0.33 and a beta of 1.09. The stock’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $2.83.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s payout ratio is -16.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BTG. PKO Investment Management Joint Stock Co bought a new stake in shares of B2Gold during the 4th quarter worth $1,516,000. Mackenzie Financial Corp increased its holdings in B2Gold by 56.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,019,331 shares of the company’s stock worth $2,501,000 after buying an additional 368,961 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in B2Gold in the fourth quarter worth about $276,000. Vident Advisory LLC boosted its stake in B2Gold by 17.0% in the fourth quarter. Vident Advisory LLC now owns 315,546 shares of the company’s stock valued at $770,000 after acquiring an additional 45,915 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of B2Gold by 15.7% during the 4th quarter. Two Sigma Advisers LP now owns 20,675,400 shares of the company’s stock valued at $50,448,000 after acquiring an additional 2,799,520 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

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.