B2Gold (TSE:BTO) Hits New 12-Month Low – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$3.16 and last traded at C$3.35, with a volume of 8865342 shares traded. The stock had previously closed at C$3.47.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BTO shares. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Stifel Nicolaus increased their price target on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Finally, BMO Capital Markets cut their target price on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. One 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. According to data from MarketBeat, B2Gold presently has an average rating of “Moderate Buy” and an average price target of C$5.79.

B2Gold Stock Down 3.5 %

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 company has a market capitalization of C$4.39 billion, a P/E ratio of -19.71, a PEG ratio of -0.27 and a beta of 1.23. The stock has a 50 day moving average price of C$3.73 and a 200 day moving average price of C$3.97.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its 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 period in the prior year, the company earned $0.07 earnings per share. On average, research analysts anticipate that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is -129.41%.

Insider Buying and Selling at B2Gold

In related news, Senior Officer Randall Chatwin bought 10,153 shares of the business’s 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. Corporate insiders own 0.66% of the company’s stock.

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.