B2Gold (TSE:BTO) Stock Price Down 7.8% – Should You Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price fell 7.8% during mid-day trading on Thursday . The company traded as low as C$3.16 and last traded at C$3.20. 1,797,444 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 2,572,665 shares. The stock had previously closed at C$3.47.

Analyst Ratings Changes

A number of brokerages recently issued reports on BTO. BMO Capital Markets decreased their price objective on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus boosted their target price on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$5.79.

B2Gold Stock Down 5.8 %

The firm has a 50 day moving average of C$3.73 and a 200-day moving average of C$3.97. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The stock has a market capitalization of C$4.28 billion, a P/E ratio of -19.24, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same period in the prior year, the firm earned $0.07 EPS. On average, equities research analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were given a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.61%. B2Gold’s dividend payout ratio (DPR) is currently -129.41%.

Insider Buying and Selling

In related news, Senior Officer Randall Chatwin purchased 10,153 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. Company 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.