B2Gold (TSE:BTO) Reaches New 1-Year High - Here's What Happened

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.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price reached a new 52-week high during trading on Monday . The stock traded as high as C$6.34 and last traded at C$6.00, with a volume of 3334710 shares changing hands. The stock had previously closed at C$6.22.

Analyst Ratings Changes

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

B2Gold Stock Down 2.6%

The stock has a market cap of C$8.02 billion, a price-to-earnings ratio of -17.31, a PEG ratio of -0.27 and a beta of 0.48. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The firm's 50-day simple moving average is C$5.20 and its two-hundred day simple moving average is C$4.73.

B2Gold Dividend Announcement

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

Insiders Place Their Bets

In related news, 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 completion of the transaction, the insider directly owned -1,405 shares in the company, valued at C($7,516.75). This represents a 103.29% decrease in their position. Also, insider Randall Chatwin sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of C$5.33, for a total transaction of C$37,310.00. Following the sale, the insider directly owned 40,199 shares in the company, valued at C$214,260.67. The trade was a 14.83% 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. 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.

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