B2Gold (TSE:BTO) Hits New 12-Month High - Still a Buy?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price hit a new 52-week high during trading on Monday . The company traded as high as C$5.00 and last traded at C$4.98, with a volume of 2296519 shares traded. The stock had previously closed at C$4.61.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus raised their target price on shares of B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. BMO Capital Markets cut their price objective on shares of B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. Finally, TD Securities lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$6.11.

B2Gold Trading Up 0.2%

The company has a market capitalization of C$4.55 billion, a PE ratio of -5.66, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company's fifty day moving average is C$4.33 and its 200-day moving average is C$4.00. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 24th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 1.63%. B2Gold's dividend payout ratio (DPR) is -25.32%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Senior Officer Eduard Bartz sold 27,862 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total value of C$108,383.18. Following the completion of the sale, the insider now directly owns 16 shares in the company, valued at C$62.24. This trade represents a 99.94% decrease in their ownership of the stock. Also, Director Clive Thomas Johnson sold 86,496 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total transaction of C$333,009.60. Insiders sold a total of 643,361 shares of company stock worth $2,696,997 over the last three months. Corporate insiders own 0.66% of the company's stock.

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.