B2Gold (TSE:BTO) Reaches New 52-Week Low – Here’s What Happened

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) hit a new 52-week low on Friday . The company traded as low as C$3.16 and last traded at C$3.35, with a volume of 8865342 shares changing hands. The stock had previously closed at C$3.47.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets dropped their price target on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.79.

B2Gold Stock Up 2.7 %

The firm has a market cap of C$4.51 billion, a price-to-earnings ratio of -20.24, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of C$3.71 and a 200-day moving average of C$3.97.

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 last year, the business posted $0.07 EPS. As a group, sell-side analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were given a dividend of $0.054 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 6.28%. B2Gold’s dividend payout ratio (DPR) is presently -129.41%.

Insiders Place Their Bets

In other news, Senior Officer Randall Chatwin acquired 10,153 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is currently owned by insiders.

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.