B2Gold Corp. (NYSE:BTG - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $5.42 and last traded at $5.53, with a volume of 417991 shares trading hands. The stock had previously closed at $5.34.
Analyst Ratings Changes
BTG has been the topic of a number of analyst reports. Zacks Research downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. National Bankshares restated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. CIBC raised their target price on shares of B2Gold from $4.50 to $6.50 and gave the stock a "neutral" rating in a report on Friday, October 10th. Finally, Raymond James Financial raised their target price on shares of B2Gold from $4.75 to $6.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.25.
Check Out Our Latest Stock Analysis on BTG
B2Gold Stock Up 5.1%
The company has a market capitalization of $7.42 billion, a P/E ratio of -11.64, a PEG ratio of 0.33 and a beta of 0.45. The firm's 50 day moving average price is $4.40 and its two-hundred day moving average price is $3.70. 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 positive return on equity of 5.65% and a negative net margin of 33.12%.During the same quarter in the prior year, the firm earned $0.06 EPS. The company's revenue for the quarter was up 40.5% compared to the same quarter last year. Equities research analysts forecast that B2Gold Corp. will post 0.4 EPS for the current year.
B2Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. B2Gold's dividend payout ratio (DPR) is currently -22.86%.
Hedge Funds Weigh In On B2Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTG. Independent Wealth Network Inc. bought a new position in B2Gold during the first quarter worth $28,000. Kercheville Advisors LLC bought a new position in B2Gold during the first quarter worth $31,000. Steward Partners Investment Advisory LLC boosted its position in B2Gold by 875.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock worth $35,000 after purchasing an additional 8,750 shares during the period. International Assets Investment Management LLC bought a new position in B2Gold during the second quarter worth $36,000. Finally, OMERS ADMINISTRATION Corp bought a new position in B2Gold during the first quarter worth $38,000. 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.
Further Reading
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