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
(
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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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