B2Gold (TSE:BTO) Trading Down 8.1% – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price traded down 8.1% during mid-day trading on Friday . The company traded as low as C$4.11 and last traded at C$4.17. 3,490,010 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 3,678,473 shares. The stock had previously closed at C$4.54.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BTO shares. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and upped their price objective for the company from C$4.50 to C$6.25 in a research note on Friday, February 21st. BMO Capital Markets decreased their target price on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. TD Securities lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$6.01.

B2Gold Trading Down 8.6 %

The business’s 50 day simple moving average is C$3.89 and its 200 day simple moving average is C$3.99. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The company has a market capitalization of C$3.84 billion, a price-to-earnings ratio of -4.78, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

Insider Buying and Selling at B2Gold

In other news, Senior Officer Eduard Bartz sold 27,862 shares of B2Gold stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the completion of the sale, the insider now directly owns 16 shares in the company, valued at C$62.24. The trade was a 99.94 % decrease in their ownership of the stock. Also, Director Clive Thomas Johnson sold 86,496 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total transaction of C$333,009.60. Insiders have sold 168,420 shares of company stock valued at $649,531 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

About B2Gold

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.