B2Gold (NYSEAMERICAN:BTG) Shares Gap Down – Should You Sell?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) shares gapped down prior to trading on Monday . The stock had previously closed at $4.97, but opened at $4.76. B2Gold shares last traded at $4.63, with a volume of 10,988,281 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research note on Wednesday, February 4th. Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 0.47. The stock has a 50-day simple moving average of $4.99 and a 200-day simple moving average of $4.82. The stock has a market cap of $6.06 billion, a P/E ratio of 17.46, a PEG ratio of 0.58 and a beta of 0.69.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). B2Gold had a return on equity of 18.12% and a net margin of 13.13%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.01 EPS. B2Gold’s revenue for the quarter was up 110.9% on a year-over-year basis. Research analysts forecast that B2Gold Corp will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On B2Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ruffer LLP bought a new stake in shares of B2Gold in the 4th quarter valued at about $2,054,000. McAlvany Wealth Management LLC bought a new stake in shares of B2Gold in the 4th quarter valued at about $4,243,000. Norges Bank bought a new stake in shares of B2Gold in the 4th quarter valued at about $75,333,000. Leonteq Securities AG bought a new stake in shares of B2Gold in the 4th quarter valued at about $68,000. Finally, Themes Management Co LLC bought a new stake in shares of B2Gold in the 4th quarter valued at about $1,025,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

About B2Gold

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.