B2Gold (TSE:BTO) Shares Up 4% - Here's Why

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price traded up 4% during trading on Monday . The company traded as high as C$4.68 and last traded at C$4.65. 2,042,572 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 3,875,419 shares. The stock had previously closed at C$4.47.Analysts Set New Price TargetsBTO has been the subject of several research reports. TD Securities downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. Cormark lowered shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, BMO Capital Markets decreased their price objective on B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, B2Gold has an average rating of "Hold" and a consensus target price of C$5.94.View Our Latest Stock Analysis on B2GoldB2Gold Trading Up 5.1 %The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The firm has a market capitalization of C$4.34 billion, a P/E ratio of -5.41, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The firm's 50-day simple moving average is C$4.03 and its 200-day simple moving average is C$3.98. B2Gold Cuts DividendThe company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.70%. B2Gold's payout ratio is -25.32%. Insider Transactions at B2GoldIn related news, Senior Officer Eduard Bartz sold 27,862 shares of B2Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total value of C$108,383.18. Following the transaction, the insider now owns 16 shares in the company, valued at C$62.24. This trade represents a 99.94 % decrease in their position. Also, Senior Officer William Lytle sold 54,062 shares of B2Gold stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$208,138.70. In the last three months, insiders sold 415,145 shares of company stock worth $1,635,577. 0.66% of the stock is currently owned by corporate insiders. About B2Gold (Get Free Report)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.Featured ArticlesFive stocks we like better than B2Gold5 Top Rated Dividend Stocks to ConsiderWhy NVIDIA Stock Could Soar Despite Wall Street Downgrades3 Small Caps With Big Return PotentialTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldHow to Invest in Tech Stocks and Top Tech Stocks to Consider3 Hot New IPOs Defying the 2025 Market SlumpThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in B2Gold Right Now?Before you consider B2Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B2Gold wasn't on the list.While B2Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here