B2Gold (TSE:BTO) Reaches New 12-Month High – Time to Buy?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$8.60 and last traded at C$8.26, with a volume of 1516877 shares. The stock had previously closed at C$8.38.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. National Bank Financial increased their price objective on B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Finally, Stifel Nicolaus decreased their target price on shares of B2Gold from C$11.50 to C$10.50 in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold currently has a consensus rating of “Buy” and an average target price of C$8.31.

B2Gold Trading Down 8.5%

The firm has a market cap of C$10.02 billion, a PE ratio of 50.00, a PEG ratio of -0.27 and a beta of 1.02. The firm has a fifty day simple moving average of C$6.99 and a two-hundred day simple moving average of C$6.55. The company has a current ratio of 1.06, a quick ratio of 3.33 and a debt-to-equity ratio of 17.54.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Wednesday, February 18th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$1.41 billion during the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%. Equities analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. B2Gold’s dividend payout ratio (DPR) is currently 66.67%.

Insider Activity

In other B2Gold news, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the sale, the insider directly owned 6,199 shares of the company’s stock, valued at approximately C$44,942.75. The trade was a 76.34% decrease in their position. Also, insider William Lytle sold 272,373 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the transaction, the insider owned 38,975 shares in the company, valued at C$324,272. This trade represents a 87.48% decrease in their position. Insiders have sold 583,159 shares of company stock worth $4,821,759 in the last quarter. 0.66% of the stock is owned by corporate insiders.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.