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

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares hit a new 52-week high during trading on Friday . The company traded as high as C$5.21 and last traded at C$5.16, with a volume of 1084926 shares trading hands. The stock had previously closed at C$5.04.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. BMO Capital Markets lowered their price objective on B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Finally, Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, B2Gold currently has an average rating of "Moderate Buy" and an average target price of C$6.11.

B2Gold Stock Down 2.2%

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 stock has a market cap of C$4.62 billion, a price-to-earnings ratio of -5.76, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The firm has a 50 day simple moving average of C$4.49 and a two-hundred day simple moving average of C$4.05.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 24th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is -25.32%.

Insider Activity at B2Gold

In related news, Senior Officer Randall Chatwin sold 8,200 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$4.97, for a total value of C$40,754.00. Also, Director Jerry Korpan sold 120,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of C$4.63, for a total value of C$555,600.00. Insiders sold a total of 474,941 shares of company stock worth $2,047,466 in the last quarter. Corporate insiders own 0.66% of the company's stock.

B2Gold Company Profile

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.