Stock Traders Purchase High Volume of Put Options on B2Gold (NYSE:BTG)

B2Gold Corp. (NYSE:BTGGet Free Report) saw some unusual options trading on Friday. Stock traders purchased 11,272 put options on the stock. This is an increase of approximately 291% compared to the typical volume of 2,886 put options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTG. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. CIBC lowered their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.02.

Get Our Latest Analysis on BTG

B2Gold Trading Up 2.1 %

BTG opened at $2.40 on Friday. 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’s 50 day moving average price is $2.61 and its 200-day moving average price is $2.87. B2Gold has a one year low of $2.20 and a one year high of $3.50. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -4.29, a P/E/G ratio of 0.26 and a beta of 1.09.

B2Gold (NYSE:BTGGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The business had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same period last year, the company earned $0.05 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. On average, equities analysts forecast that B2Gold will post 0.22 EPS for the current year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 6.67%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

Institutional Investors Weigh In On B2Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. E&G Advisors LP acquired a new stake in B2Gold in the 3rd quarter worth approximately $31,000. Private Advisor Group LLC acquired a new stake in B2Gold during the 3rd quarter valued at approximately $33,000. Flow Traders U.S. LLC purchased a new position in shares of B2Gold during the third quarter worth $35,000. HighTower Advisors LLC purchased a new stake in B2Gold in the third quarter valued at $36,000. Finally, Blue Trust Inc. lifted its holdings in shares of B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after buying an additional 5,764 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

(Get Free Report)

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.

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