B2Gold (NYSEAMERICAN:BTG) Shares Down 2.3%

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO)’s stock price dropped 2.3% during mid-day trading on Monday . The company traded as low as $2.96 and last traded at $2.96. Approximately 1,676,673 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,471,993 shares. The stock had previously closed at $3.03.

Analysts Set New Price Targets

BTG has been the topic of a number of analyst reports. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.25 target price on shares of B2Gold in a report on Friday, September 29th. Finally, Scotiabank lowered their price target on shares of B2Gold from C$8.00 to C$7.75 in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold” and a consensus target price of $6.42.

B2Gold Stock Down 2.0 %

The company has a quick ratio of 1.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.86 billion, a P/E ratio of 11.39 and a beta of 1.00. The firm has a fifty day moving average price of $3.67.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). B2Gold had a return on equity of 10.44% and a net margin of 13.95%. The company had revenue of $477.89 million during the quarter, compared to the consensus estimate of $474.00 million. On average, equities research analysts forecast that B2Gold Corp. will post 0.3 EPS for the current year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Wednesday, September 20th. B2Gold’s dividend payout ratio is 61.54%.

Institutional Trading of B2Gold

Several institutional investors have recently bought and sold shares of BTG. Creative Planning bought a new stake in B2Gold in the 3rd quarter worth about $66,000. The Manufacturers Life Insurance Company grew its stake in shares of B2Gold by 2.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,276,557 shares of the basic materials company’s stock worth $9,475,000 after acquiring an additional 80,206 shares during the period. Legal & General Group Plc raised its holdings in shares of B2Gold by 2.6% during the third quarter. Legal & General Group Plc now owns 3,052,772 shares of the basic materials company’s stock valued at $8,806,000 after purchasing an additional 78,553 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of B2Gold during the third quarter valued at approximately $62,000. Finally, Toronto Dominion Bank lifted its position in B2Gold by 15.3% during the third quarter. Toronto Dominion Bank now owns 1,615,959 shares of the basic materials company’s stock valued at $4,670,000 after purchasing an additional 214,491 shares during the period. 51.52% of the stock is owned by hedge funds and other institutional investors.

B2Gold Company Profile

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.