B2Gold (NYSEAMERICAN:BTG) Stock Passes Below 50 Day Moving Average of $2.72

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.72 and traded as low as $2.64. B2Gold shares last traded at $2.75, with a volume of 9,556,382 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.78.

B2Gold Trading Up 1.7 %

The firm has a market cap of $3.59 billion, a PE ratio of -91.47, a PEG ratio of 1.65 and a beta of 1.10. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $2.72.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. Equities analysts expect that B2Gold Corp. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Seven Mile Advisory raised its holdings in shares of B2Gold by 25.2% during the 4th quarter. Seven Mile Advisory now owns 20,731 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 4,173 shares during the period. Edmond DE Rothschild Holding S.A. raised its holdings in shares of B2Gold by 1.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 425,511 shares of the basic materials company’s stock worth $1,346,000 after acquiring an additional 5,511 shares during the period. Headlands Technologies LLC increased its position in shares of B2Gold by 31.5% during the 1st quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 6,174 shares during the last quarter. SG Americas Securities LLC increased its position in shares of B2Gold by 6.9% during the 1st quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock worth $395,000 after purchasing an additional 9,723 shares during the last quarter. Finally, Independent Wealth Network Inc. acquired a new stake in shares of B2Gold during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 61.40% 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.