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

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$4.88 and last traded at C$4.78, with a volume of 1388667 shares trading hands. The stock had previously closed at C$4.62.

Analysts Set New Price Targets

BTO has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of B2Gold from C$6.50 to C$7.50 in a report on Monday. Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. TD Securities cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. BMO Capital Markets cut their target price on B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Finally, Cormark cut shares of B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, B2Gold currently has an average rating of "Moderate Buy" and a consensus target price of C$6.08.

B2Gold Trading Up 2.0 %

The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The company has a market cap of C$4.33 billion, a P/E ratio of -5.39, a P/E/G ratio of -0.27 and a beta of 1.23. The stock's 50-day moving average is C$4.13 and its two-hundred day moving average is C$3.99.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's payout ratio is currently -25.32%.

Insiders Place Their Bets

In other news, Senior Officer Eduard Bartz sold 13,161 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the completion of the sale, the insider now owns 16 shares of the company's stock, valued at C$60.64. The trade was a 99.88 % decrease in their position. Also, Director Gregory Barnes bought 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of C$4.07 per share, for a total transaction of C$203,500.00. Over the last three months, insiders have sold 535,145 shares of company stock valued at $2,191,177. 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.