B2Gold (NYSE:BTG) Sees Unusually-High Trading Volume – Should You Buy?

B2Gold Corp. (NYSE:BTG) saw an uptick in trading volume on Friday . 20,283,257 shares changed hands during trading, an increase of 10% from the previous session’s volume of 18,442,410 shares.The stock last traded at $2.87 and had previously closed at $3.17.

Analyst Ratings Changes

BTG has been the subject of a number of recent research reports. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. TD Securities downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, CIBC upped their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Thursday, March 20th. One 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 MarketBeat.com, B2Gold presently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Stock Down 9.0 %

The company’s 50 day moving average is $2.70 and its 200 day moving average is $2.84. The company has a market cap of $3.80 billion, a PE ratio of -6.01, a P/E/G ratio of 0.33 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold’s dividend payout ratio is presently -16.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cantor Fitzgerald L. P. purchased a new stake in shares of B2Gold in the 4th quarter worth $25,000. Groupama Asset Managment bought a new stake in shares of B2Gold in the fourth quarter valued at about $29,000. Schonfeld Strategic Advisors LLC purchased a new stake in B2Gold in the fourth quarter worth about $30,000. Signaturefd LLC grew its holdings in B2Gold by 176.1% during the 4th quarter. Signaturefd LLC now owns 12,935 shares of the company’s stock worth $32,000 after acquiring an additional 8,250 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in B2Gold during the 3rd quarter valued at about $35,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

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.