B2Gold (TSE:BTO) Hits New 52-Week High - Should You Buy?

Key Points

• B2Gold Corp's stock hit a new 52-week high of C$6.49 during trading, with a current trading price of C$6.47.
• Raymond James Financial upgraded B2Gold to a "moderate buy" rating, while the stock currently has a consensus rating of "Hold" with a target price of C$6.75.
• The company announced a quarterly dividend of $0.02 per share, with an annualized dividend yield of 1.2%, to be paid on September 23rd.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares reached a new 52-week high during trading on Monday . The stock traded as high as C$6.49 and last traded at C$6.47, with a volume of 1878477 shares traded. The stock had previously closed at C$6.21.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$6.75.

B2Gold Price Performance

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 business's fifty day moving average is C$5.36 and its 200 day moving average is C$4.82. The firm has a market capitalization of C$8.71 billion, a P/E ratio of -18.80, a P/E/G ratio of -0.27 and a beta of 0.48.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.2%. B2Gold's dividend payout ratio is currently -34.29%.

Insider Activity at B2Gold

In other B2Gold news, insider Peter Dominic Montano sold 44,102 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of C$5.35, for a total value of C$235,945.70. Following the transaction, the insider directly owned -1,405 shares in the company, valued at C($7,516.75). The trade was a 103.29% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 7,000 shares of the business's stock in a transaction dated 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. The trade was a 14.83% decrease in their position. Insiders have sold a total of 51,117 shares of company stock valued at $273,336 over the last ninety days. Company insiders own 0.66% of the company's stock.

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.