B2Gold (TSE:BTO) Hits New 1-Year High - What's Next?

Key Points

• B2Gold Corp. shares reached a new 52-week high of C$7.05, showing a daily increase in trading volume of 1,743,755 shares.
• Raymond James Financial upgraded B2Gold to a "moderate buy" rating, with an average consensus price target of C$6.75 despite mixed analyst ratings.
• The company announced a quarterly dividend of $0.02 per share, with a dividend yield of 1.1%, and insiders recently sold a total of 51,117 shares valued at $273,336.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares reached a new 52-week high on Monday . The stock traded as high as C$7.05 and last traded at C$6.99, with a volume of 1743755 shares changing hands. The stock had previously closed at C$6.86.

Wall Street Analysts Forecast Growth

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

B2Gold Trading Up 1.9%

The firm has a market capitalization of C$9.25 billion, a PE ratio of -19.97, a PEG ratio of -0.27 and a beta of 0.48. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The stock's fifty day simple moving average is C$5.52 and its 200 day simple moving average is C$4.90.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, September 10th. B2Gold's dividend payout ratio is currently -34.29%.

Insider Buying and Selling

In other B2Gold news, insider Randall Chatwin sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of C$5.33, for a total transaction of C$37,310.00. Following the completion of the sale, the insider directly owned 40,199 shares of the company's stock, valued at approximately C$214,260.67. This represents a 14.83% decrease in their ownership of the stock. Also, insider Peter Dominic Montano sold 44,102 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$5.35, for a total transaction of C$235,945.70. Following the sale, the insider directly owned -1,405 shares of the company's stock, valued at approximately C($7,516.75). This represents a 103.29% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 51,117 shares of company stock valued at $273,336. 0.66% of the stock is owned by corporate insiders.

About B2Gold

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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