B2Gold (TSE:BTO) Hits New 52-Week High - Still a Buy?

Key Points

• B2Gold Corp. has reached a new **52-week high** stock price of C$6.34 during trading, closing at C$6.00 with a volume of over **3.3 million shares** traded.
• Analyst ratings for B2Gold have seen an upgrade to a "moderate buy," with a **consensus rating of "Hold"** and an average price target of C$6.75.
• The company has announced a quarterly dividend of **$0.02**, reflecting an annualized yield of **1.3%**, with the ex-dividend date set for September 10th.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG hit a new 52-week high on Monday . The stock traded as high as C$6.34 and last traded at C$6.00, with a volume of 3334710 shares. The stock had previously closed at C$6.22.

Analyst Upgrades and Downgrades

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

B2Gold Stock Performance

The stock has a market capitalization of C$8.22 billion, a P/E ratio of -17.74, a P/E/G 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 business has a fifty day moving average price of C$5.32 and a 200-day moving average price of C$4.79.

B2Gold Announces Dividend

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

Insiders Place Their Bets

In other B2Gold news, insider Randall Chatwin sold 7,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of C$5.33, for a total value of C$37,310.00. Following the transaction, the insider 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 stock in a transaction dated 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 completion of the transaction, the insider directly owned -1,405 shares in the company, valued at approximately C($7,516.75). This represents a 103.29% decrease in their position. Over the last ninety days, insiders have sold 51,117 shares of company stock worth $273,336. Corporate insiders own 0.66% of the company's stock.

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.