B2Gold (TSE:BTO) Trading 16.7% Higher – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price traded up 16.7% during mid-day trading on Thursday . The stock traded as high as C$7.19 and last traded at C$7.11. 3,985,242 shares traded hands during trading, a decline of 43% from the average session volume of 6,992,009 shares. The stock had previously closed at C$6.09.

Wall Street Analyst Weigh In

Separately, National Bank Financial decreased their price target on shares of B2Gold from C$10.25 to C$10.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$8.92.

B2Gold Stock Performance

The firm has a fifty day moving average price of C$6.66 and a 200 day moving average price of C$6.59. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The stock has a market cap of C$9.69 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of -0.27 and a beta of 1.59.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$1.61 billion during the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%. Research analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. B2Gold’s dividend payout ratio (DPR) is currently 21.05%.

Insider Buying and Selling

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

About B2Gold

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.