B2Gold (TSE:BTO) Hits New 1-Year High - What's Next?

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

Wall Street Analysts Forecast Growth

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

B2Gold Stock Performance

The firm has a market cap of C$4.72 billion, a PE ratio of -5.88, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The business has a 50 day simple moving average of C$4.49 and a two-hundred day simple moving average of C$4.05. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, June 11th. B2Gold's dividend payout ratio is presently -25.32%.

Insider Activity at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin sold 8,200 shares of B2Gold stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$4.97, for a total transaction of C$40,754.00. Also, Senior Officer Eduard Bartz sold 13,161 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total value of C$49,880.19. Following the transaction, the insider now directly owns 16 shares in the company, valued at C$60.64. The trade was a 99.88% decrease in their position. Insiders sold 474,941 shares of company stock worth $2,047,466 in the last 90 days. 0.66% of the stock is owned by corporate insiders.

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.