B2Gold (TSE:BTO) Trading Down 4% – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price fell 4% during trading on Thursday . The stock traded as low as C$3.82 and last traded at C$3.82. 1,752,903 shares changed hands during trading, a decline of 48% from the average session volume of 3,368,023 shares. The stock had previously closed at C$3.98.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BTO. Stifel Nicolaus lifted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. BMO Capital Markets lowered their target price on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Cormark raised their price objective on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$5.66.

B2Gold Stock Performance

The company has a market capitalization of C$4.91 billion, a PE ratio of -22.06, a P/E/G ratio of -0.27 and a beta of 1.23. The stock has a 50-day simple moving average of C$4.19 and a 200 day simple moving average of C$3.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were given a $0.054 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 5.76%. B2Gold’s dividend payout ratio is presently -129.41%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Director Clive Thomas Johnson acquired 70,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were bought at an average cost of C$4.29 per share, with a total value of C$300,300.00. Insiders sold a total of 97,755 shares of company stock valued at $423,329 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

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.