B2Gold (TSE:BTO) Trading 20.9% Higher – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price was up 20.9% on Friday . The stock traded as high as C$7.08 and last traded at C$6.94. 12,702,488 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 6,130,658 shares. The stock had previously closed at C$5.74.

Analysts Set New Price Targets

Separately, National Bank Financial decreased their target price on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$8.83.

B2Gold Price Performance

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 company’s fifty day moving average price is C$5.68 and its 200 day moving average price is C$6.43. The firm has a market capitalization of C$9.29 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The company had revenue of C$1.12 billion during the quarter. Equities research analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. B2Gold’s dividend payout ratio is currently 21.05%.

Insiders Place Their Bets

In other B2Gold news, Director Michael Andrew Cinnamond sold 14,089 shares of the company’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the completion of the transaction, the director owned 315,371 shares in the company, valued at approximately C$1,854,381.48. This represents a 4.28% decrease in their position. Also, insider Ninette Krohnert sold 4,700 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$27,636.00. Following the completion of the transaction, the insider owned 62,557 shares of the company’s stock, valued at approximately C$367,835.16. This trade represents a 6.99% decrease in their position. Over the last 90 days, insiders have sold 227,252 shares of company stock worth $1,401,375. 0.66% of the stock is owned by company insiders.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.