What's Going On With B2Gold Stock?

B2Gold Corp BTG shares are trading lower Wednesday. The company reported its fourth-quarter and full year 2023 consolidated gold production and revenue figures after the market close on Tuesday.

What To Know:

B2Gold announced its total gold production for fourth-quarter at 288,665 ounces, below its total gold production of 367,870 ounces from the same period in 2022.

Consolidated gold revenues for the fourth-quarter were $512 million, representing a decline of 13.5% year-over-year. B2Gold sold 256,921 ounces of gold at an average realized price of $1,993 per ounce in the fourth quarter.

Total gold production for 2023 was 1,061,060 ounces, reaching the upper half of the company’s 2023 guidance and marking B2Gold’s eighth consecutive year of meeting or exceeding annual production guidance.

B2Gold shares are down 15% year-to-date and are falling on heavy trading volume following the company’s report. According to data from Benzinga Pro, more than 17.166 million shares have been traded in the session, compared to the stock’s 100-day average volume of 9.031 million shares.

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Is BTG A Good Buy: An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like B2Gold‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. B2Gold does pay a dividend, which yields 4.91% per year as of the closing price on 24th January, 2024. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on B2Gold will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

BTG Price Action: According to Benzinga Pro, B2Gold shares are down 9.6% at $2.68 at the time of publication.

Image: Steve Bidmead from Pixabay