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B2Gold (NYSE:BTG) Reaches New 1-Year High - Should You Buy?

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Key Points

  • B2Gold Corp. (NYSE: BTG) reached a new 52-week high of $5.32 during trading, reflecting strong market interest with 2.6 million shares exchanged.
  • Multiple analysts have rated B2Gold with a consensus rating of "Hold" and a target price of $4.25, indicating mixed outlooks among investors.
  • The company declared a quarterly dividend of $0.02, yielding 1.5% annually, despite a negative net margin of 33.12% in the last reported quarter.
  • MarketBeat previews the top five stocks to own by November 1st.

B2Gold Corp. (NYSE:BTG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $5.27 and last traded at $5.32, with a volume of 2609358 shares trading hands. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

BTG has been the subject of several research analyst reports. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price objective for the company in a research report on Monday, June 30th. CIBC restated a "neutral" rating and set a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a research report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research report on Wednesday, July 16th. Finally, Zacks Research lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.25.

Get Our Latest Analysis on B2Gold

B2Gold Stock Performance

The firm has a market capitalization of $7.07 billion, a P/E ratio of -11.18, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The company has a 50-day moving average of $4.15 and a 200-day moving average of $3.60. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period last year, the firm posted $0.06 earnings per share. The firm's quarterly revenue was up 40.5% on a year-over-year basis. On average, equities analysts anticipate that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were given a $0.02 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. B2Gold's payout ratio is -22.86%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BTG. Rathbones Group PLC lifted its stake in shares of B2Gold by 5.9% in the 1st quarter. Rathbones Group PLC now owns 83,160 shares of the company's stock valued at $236,000 after purchasing an additional 4,623 shares during the period. Hsbc Holdings PLC increased its holdings in B2Gold by 17.8% in the first quarter. Hsbc Holdings PLC now owns 44,238 shares of the company's stock worth $126,000 after purchasing an additional 6,692 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in B2Gold by 875.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock valued at $35,000 after buying an additional 8,750 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in B2Gold by 7.5% in the first quarter. Northwest & Ethical Investments L.P. now owns 137,550 shares of the company's stock valued at $391,000 after buying an additional 9,632 shares during the period. Finally, Independent Wealth Network Inc. bought a new position in shares of B2Gold during the 1st quarter worth approximately $28,000. 61.40% of the stock is owned by institutional investors.

B2Gold Company Profile

(Get Free Report)

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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