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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) dropped 7.8% on Thursday . The stock traded as low as C$3.16 and last traded at C$3.20. Approximately 1,797,444 shares traded hands during trading, a decline of 30% from the average daily volume of 2,572,665 shares. The stock had previously closed at C$3.47.

Analyst Ratings Changes

Several brokerages have recently commented on BTO. Stifel Nicolaus boosted their target price on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. BMO Capital Markets reduced their price objective on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$5.79.

B2Gold Price Performance

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 company’s 50 day moving average price is C$3.73 and its 200 day moving average price is C$3.97. The firm has a market capitalization of C$4.28 billion, a P/E ratio of -19.24, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $0.07 EPS. As a group, sell-side analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were paid a $0.054 dividend. 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 6.61%. B2Gold’s payout ratio is presently -129.41%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of B2Gold stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of C$3.51 per share, with a total value of C$35,637.03. Insiders own 0.66% 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.