B2Gold (TSE:BTO) Trading Down 8.1% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

B2Gold Price Performance

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 cap of C$3.84 billion, a PE ratio of -4.78, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a 50-day moving average price of C$3.89 and a two-hundred day moving average price of C$3.99.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio is presently -25.32%.

Insider Activity

In other B2Gold news, Senior Officer William Lytle sold 54,062 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$208,138.70. Also, Director Clive Thomas Johnson sold 86,496 shares of B2Gold stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$333,009.60. Insiders have sold 168,420 shares of company stock worth $649,531 over the last 90 days. Company insiders own 0.66% of the company’s stock.

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.