B2Gold (NYSE:BTG) Stock Price Down 3.4% – Time to Sell?

B2Gold Corp. (NYSE:BTG) fell 3.4% during trading on Monday . The company traded as low as $2.80 and last traded at $2.82. 1,292,599 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 12,647,310 shares. The stock had previously closed at $2.92.

Analyst Ratings Changes

Several research analysts recently commented on the company. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group upped their price objective on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Trading Down 0.7 %

The stock has a market capitalization of $3.72 billion, a PE ratio of 13.57, a P/E/G ratio of 2.59 and a beta of 1.13. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $3.14.

B2Gold (NYSE:BTG) last posted its earnings results 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). The firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. Equities research analysts expect that B2Gold Corp. will post 0.23 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Monday, December 2nd. B2Gold’s payout ratio is presently -28.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTG. Cubist Systematic Strategies LLC grew its holdings in B2Gold by 133.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock worth $5,334,000 after acquiring an additional 1,131,534 shares during the last quarter. Old West Investment Management LLC bought a new position in B2Gold in the 3rd quarter worth approximately $1,340,000. Continuum Advisory LLC acquired a new position in B2Gold during the 2nd quarter worth $40,000. DekaBank Deutsche Girozentrale bought a new position in B2Gold in the 2nd quarter valued at $927,000. Finally, Van ECK Associates Corp increased its stake in shares of B2Gold by 40.6% in the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after buying an additional 47,967,010 shares during the period. 61.40% of the stock is owned by institutional investors.

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.