B2Gold Target of Unusually High Options Trading (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) saw unusually large options trading on Monday. Stock traders purchased 6,996 call options on the stock. This is an increase of approximately 147% compared to the average daily volume of 2,829 call options.

B2Gold Stock Up 5.4 %

Shares of NYSE BTG opened at $3.33 on Tuesday. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.46. The stock has a market capitalization of $4.35 billion, a P/E ratio of -111.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. The company’s fifty day moving average is $2.85.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. As a group, sell-side analysts expect that B2Gold will post 0.27 EPS for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 10th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.80%. The ex-dividend date is Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BTG. Cibc World Mkts upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada upped their target price on B2Gold from $3.50 to $3.75 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. Finally, Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, B2Gold has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd increased its position in B2Gold by 16.6% in the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after purchasing an additional 3,053 shares during the last quarter. Sei Investments Co. increased its position in B2Gold by 31.3% in the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares during the last quarter. Headlands Technologies LLC increased its position in B2Gold by 32.8% in the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after purchasing an additional 8,463 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of B2Gold by 69.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after acquiring an additional 9,258 shares during the last quarter. Finally, KPP Advisory Services LLC raised its stake in shares of B2Gold by 53.6% in the 2nd quarter. KPP Advisory Services LLC now owns 35,250 shares of the company’s stock valued at $95,000 after acquiring an additional 12,300 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

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.