B2Gold (NYSE:BTG) Sees Unusually-High Trading Volume – Time to Buy?

Shares of B2Gold Corp. (NYSE:BTG) saw strong trading volume on Friday . 19,885,245 shares changed hands during trading, an increase of 16% from the previous session’s volume of 17,105,226 shares.The stock last traded at $3.01 and had previously closed at $2.90.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. CIBC cut their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a market cap of $3.90 billion, a PE ratio of -6.17, a price-to-earnings-growth ratio of 0.33 and a beta of 1.09. The company’s 50 day simple moving average is $2.58 and its 200 day simple moving average is $2.81.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, March 7th. B2Gold’s dividend payout ratio is currently -16.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cantor Fitzgerald L. P. bought a new position in shares of B2Gold during the 4th quarter valued at approximately $25,000. Groupama Asset Managment bought a new position in shares of B2Gold during the 4th quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC bought a new position in shares of B2Gold during the 4th quarter valued at approximately $30,000. Signaturefd LLC grew its position in shares of B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock valued at $32,000 after acquiring an additional 8,250 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of B2Gold during the 3rd quarter valued at approximately $35,000. 61.40% of the stock is 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.