B2Gold (TSE:BTO) Hits New 1-Year High - Should You Buy?

Key Points

• B2Gold Corp. shares reached a new 52-week high of C$5.98, reflecting a 2.6% increase from the previous close of C$5.78.
• Analysts have given B2Gold an average rating of "Hold" with a price target of C$6.75, while one analyst has upgraded the stock to a "moderate buy" rating.
• The company recently announced a quarterly dividend of $0.02 per share, resulting in a 1.3% dividend yield for stockholders.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG reached a new 52-week high during trading on Monday . The stock traded as high as C$5.98 and last traded at C$5.97, with a volume of 1983632 shares changing hands. The stock had previously closed at C$5.78.

Analysts Set New Price Targets

Separately, Raymond James Financial raised B2Gold to a "moderate buy" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$6.75.

B2Gold Stock Up 2.6%

The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The firm has a market cap of C$7.85 billion, a PE ratio of -16.94, a PEG ratio of -0.27 and a beta of 0.48. The company's 50 day moving average price is C$5.09 and its two-hundred day moving average price is C$4.65.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 23rd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. B2Gold's payout ratio is currently -34.29%.

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.

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