B2Gold Sees Unusually High Options Volume (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) was the target of unusually large options trading on Tuesday. Stock investors acquired 30,908 call options on the company. This is an increase of approximately 145% compared to the average daily volume of 12,604 call options.

Institutional Trading of B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independent Wealth Network Inc. bought a new stake in B2Gold during the 1st quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC raised its stake in B2Gold by 875.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock valued at $35,000 after purchasing an additional 8,750 shares during the period. International Assets Investment Management LLC bought a new stake in B2Gold during the 2nd quarter valued at approximately $36,000. OMERS ADMINISTRATION Corp bought a new stake in B2Gold during the 1st quarter valued at approximately $38,000. Finally, Sagard Holdings Management Inc. bought a new stake in B2Gold during the 2nd quarter valued at approximately $39,000. Institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BTG shares. National Bankshares restated an “outperform” rating on shares of B2Gold in a research note on Wednesday, July 16th. Raymond James Financial boosted their price target on B2Gold from $4.75 to $6.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Zacks Research downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, CIBC boosted their price target on B2Gold from $4.50 to $6.50 and gave the company a “neutral” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.25.

B2Gold Stock Up 0.6%

BTG stock opened at $5.21 on Thursday. The stock has a market cap of $6.89 billion, a P/E ratio of -10.85, a PEG ratio of 0.33 and a beta of 0.45. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $4.62 and its 200-day moving average price is $3.81. B2Gold has a twelve month low of $2.20 and a twelve month high of $5.94.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The business’s quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that B2Gold will post 0.4 EPS for the current year.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. B2Gold’s dividend payout ratio (DPR) is -22.86%.

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.