B2Gold (NYSE:BTG) Sets New 1-Year Low – Here’s What Happened

Shares of B2Gold Corp. (NYSE:BTG) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.25 and last traded at $2.28, with a volume of 1057105 shares trading hands. The stock had previously closed at $2.41.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BTG shares. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. CIBC dropped their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group increased their price objective on B2Gold from $4.00 to $5.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat, B2Gold has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Stock Down 5.6 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm’s fifty day moving average price is $2.62 and its two-hundred day moving average price is $2.87. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -4.06, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09.

B2Gold (NYSE:BTG) last released its earnings results 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 negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts forecast that B2Gold Corp. will post 0.22 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 7.03%. B2Gold’s dividend payout ratio is presently -28.57%.

Institutional Investors Weigh In On B2Gold

Several institutional investors have recently added to or reduced their stakes in the company. E&G Advisors LP purchased a new stake in B2Gold during the 3rd quarter valued at $31,000. Private Advisor Group LLC purchased a new position in B2Gold during the third quarter valued at $33,000. Flow Traders U.S. LLC bought a new position in shares of B2Gold during the 3rd quarter valued at approximately $35,000. HighTower Advisors LLC purchased a new stake in B2Gold during the third quarter valued at approximately $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 worth $42,000 after acquiring an additional 5,764 shares during the last quarter. Hedge funds and other institutional investors own 61.40% 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.