B2Gold (NYSEAMERICAN:BTG) Hits New 12-Month High – Here’s Why

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) reached a new 52-week high during trading on Monday . The stock traded as high as $6.28 and last traded at $6.06, with a volume of 3681489 shares. The stock had previously closed at $6.16.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research note on Wednesday, February 4th. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

B2Gold Stock Performance

The firm’s fifty day moving average price is $5.06 and its 200 day moving average price is $4.71. The firm has a market cap of $8.12 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 0.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.47 and a current ratio of 1.06.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.15 billion. B2Gold had a net margin of 13.13% and a return on equity of 18.12%. The business’s quarterly revenue was up 110.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. Sell-side analysts expect that B2Gold Corp will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On B2Gold

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in B2Gold during the fourth quarter valued at about $45,000. Jefferies Financial Group Inc. purchased a new stake in shares of B2Gold during the fourth quarter valued at about $55,000. Cerity Partners LLC bought a new stake in shares of B2Gold in the 4th quarter valued at about $55,000. Inspire Advisors LLC purchased a new position in shares of B2Gold in the 4th quarter worth approximately $59,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of B2Gold during the 4th quarter worth approximately $65,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Company Profile

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.