B2Gold (TSE:BTO) Hits New 1-Year High – Time to Buy?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price reached a new 52-week high during mid-day 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 traded. The stock had previously closed at C$8.38.

Analyst Ratings Changes

A number of analysts recently weighed in on BTO shares. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Stifel Nicolaus reduced their price objective on B2Gold from C$11.50 to C$10.50 in a research note on Tuesday, November 11th. Finally, National Bank Financial increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$8.31.

B2Gold Stock Performance

The firm has a market capitalization of C$11.08 billion, a price-to-earnings ratio of 55.27, a price-to-earnings-growth ratio of -0.27 and a beta of 1.02. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The stock’s fifty day moving average is C$6.94 and its two-hundred day moving average is C$6.52.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$1.41 billion during the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. Analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is 66.67%.

Insider Activity at B2Gold

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 in the company, valued at C$44,942.75. The trade was a 76.34% decrease in their position. Also, insider William Lytle sold 272,373 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were 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 of the company’s stock, valued at approximately C$324,272. This trade represents a 87.48% decrease in their ownership of the stock. Insiders have sold a total of 583,159 shares of company stock worth $4,821,759 over the last 90 days. 0.66% of the stock is owned by company 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.