B2Gold (NYSE:BTG) Sets New 12-Month High - Time to Buy?

Key Points

• B2Gold's stock reached a new 52-week high of $4.71, closing at $4.62 with a trading volume of over 3.1 million shares.
• The company reported earnings of $0.12 per share for the last quarter, missing analysts' expectations, but saw a 40.5% year-over-year revenue increase.
• B2Gold declared a quarterly dividend of $0.02, with a payout ratio currently at -22.86%, and a dividend yield of 1.7%.

B2Gold Corp. (NYSE:BTG - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $4.71 and last traded at $4.62, with a volume of 3171070 shares trading hands. The stock had previously closed at $4.49.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. CIBC reissued a "neutral" rating and issued a $4.00 price objective (up 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. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a research note on Monday, June 30th. Finally, Zacks Research downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.50.

B2Gold Trading Up 6.0%

The firm's fifty day moving average is $3.88 and its two-hundred day moving average is $3.48. The firm has a market capitalization of $6.30 billion, a PE ratio of -9.92, a PEG ratio of 0.33 and a beta of 0.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) 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%. B2Gold's revenue was up 40.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. On average, equities analysts predict that B2Gold Corp. will post 0.4 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.7%. B2Gold's dividend payout ratio is presently -22.86%.

Hedge Funds Weigh In On B2Gold

Several institutional investors have recently modified their holdings of BTG. Independent Wealth Network Inc. purchased a new position in shares of B2Gold during the first quarter worth approximately $28,000. Kercheville Advisors LLC bought a new position in shares of B2Gold during the first quarter valued at about $31,000. Walker Asset Management LLC bought a new stake in shares of B2Gold in the 1st quarter valued at about $32,000. Steward Partners Investment Advisory LLC boosted its holdings in B2Gold by 875.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock valued at $35,000 after acquiring an additional 8,750 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in B2Gold during the 2nd quarter valued at about $36,000. 61.40% of the stock is currently owned by institutional investors.

About B2Gold

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.