B2Gold Corp (BTG) Stock Falls 15% in a Month: A Good Buy?
In Recent times, plenty of gold stocks have come into the focus of investors but one of the gold stocks to have performed poorly in recent days is that of B2Gold Corp (NYSEAMERICAN:BTG).
Over the course of the past month, the B2Gold stock has suffered from a strong selloff and recorded a steep decline of as much as 155%. In light of such staggering losses, it might be a good move for investors to take a closer look and figure out if it could be an opportunity to get into the stock. Last month the company had announced that its Board of Directors approved a cash dividend of as much as $0.04 per common share for the second fiscal quarter.
The dividends were paid out on June 30, 2021 to all investors on record as on June 22, 2021. The dividend payout is a part of the company’s long term goal to create as much shareholder value as possible.
In addition to that, the company also pointed out that it expects to payout dividends at a similar level in the future as well. However, payment and declaration of future dividend payouts are going to be decided upon by the company’s board of directors.
Market Reaction:
On Friday, BTG stock went up 0.70% at $4.21 with more than 4.31 million shares, compared to its average volume of 6.32 million shares. The stock had moved within a range of $4.1850 – 4.3000 after opening the trade at $4.23. Over the past 52-week, the stock has been trading within a range of $4.1000 – 7.5500.
