B2Gold (NYSEAMERICAN:BTG) Sees Unusually-High Trading Volume

Shares of B2Gold Corp. (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) saw unusually-strong trading volume on Thursday . Approximately 723,966 shares were traded during trading, a decline of 94% from the previous session’s volume of 12,117,510 shares.The stock last traded at $3.61 and had previously closed at $3.75.

BTG has been the topic of several research reports. Scotiabank upped their price target on shares of B2Gold from C$8.00 to C$8.25 in a research report on Tuesday, April 19th. National Bank Financial lifted their target price on B2Gold from C$7.75 to C$8.50 in a research report on Wednesday, April 20th. Finally, Raymond James set a $6.00 target price on B2Gold and gave the company an “outperform” rating in a research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $7.28.

The company has a current ratio of 4.89, a quick ratio of 3.54 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.95 billion, a PE ratio of 8.65 and a beta of 1.01.

B2Gold (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) last announced its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. B2Gold had a return on equity of 15.30% and a net margin of 26.32%. Research analysts expect that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Monday, June 20th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 4.28%. B2Gold’s payout ratio is 37.21%.

A number of institutional investors and hedge funds have recently modified their holdings of BTG. Signaturefd LLC grew its holdings in B2Gold by 10.2% during the 4th quarter. Signaturefd LLC now owns 29,925 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 2,774 shares during the last quarter. Smith Group Asset Management LLC boosted its position in shares of B2Gold by 61.5% during the fourth quarter. Smith Group Asset Management LLC now owns 7,879 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 3,000 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in B2Gold by 13.7% during the first quarter. Banque Cantonale Vaudoise now owns 28,412 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 3,423 shares during the period. Distillate Capital Partners LLC raised its holdings in shares of B2Gold by 11.1% in the first quarter. Distillate Capital Partners LLC now owns 38,369 shares of the basic materials company’s stock worth $176,000 after buying an additional 3,827 shares during the period. Finally, Natixis raised its stake in B2Gold by 20.2% in the 3rd quarter. Natixis now owns 25,779 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 4,339 shares during the last quarter. Institutional investors own 52.70% of the company’s stock.

B2Gold Company Profile (NYSEAMERICAN:BTG)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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