B2Gold (TSE:BTO) Sets New 1-Year High - Still a Buy?

Key Points

• B2Gold Corp. (TSE:BTO) shares reached a new **52-week high** of C$5.85 during trading, reflecting strong market interest with a trading volume of over **1.13 million shares**.
• Raymond James Financial upgraded B2Gold to a "**moderate buy**" rating, while analysts generally hold a favorable outlook with an average target price of **C$6.75**.
• The company declared a **quarterly dividend** of $0.02, contributing to an annualized yield of **1.4%**, with the ex-dividend date set for September 10th.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$5.85 and last traded at C$5.69, with a volume of 1134636 shares changing hands. The stock had previously closed at C$5.67.

Analysts Set New Price Targets

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

B2Gold Stock Performance

The firm's 50 day moving average price is C$5.09 and its 200-day moving average price is C$4.65. 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 has a market capitalization of C$7.65 billion, a PE ratio of -16.51, a price-to-earnings-growth ratio of -0.27 and a beta of 0.48.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 23rd will be paid 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 dividend yield of 1.4%. B2Gold's payout ratio is currently -34.29%.

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.