B2Gold (TSE:BTO) Sets New 12-Month High - Still a Buy?

Key Points

• B2Gold Corp. (TSE:BTO) has reached a new 52-week high, trading at C$5.35, with significant volume of 876,746 shares.
• Analysts have generally rated B2Gold as a "Moderate Buy"** with a consensus price target of C$6.11, with some upgrades from research firms in recent reports.
• The company announced a quarterly dividend of $0.02 per share, representing an annualized yield of 1.5% with a payout ratio of -25.32%.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$5.35 and last traded at C$5.35, with a volume of 876746 shares trading hands. The stock had previously closed at C$5.19.

Analyst Ratings Changes

Several research firms have commented on BTO. Raymond James Financial upgraded B2Gold to a "moderate buy" rating in a report on Monday, June 30th. Stifel Nicolaus lifted their price target on B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. Finally, Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, B2Gold has a consensus rating of "Moderate Buy" and an average target price of C$6.11.

B2Gold Stock Performance

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 moving average price is C$4.90 and its two-hundred day moving average price is C$4.41. The firm has a market capitalization of C$4.95 billion, a price-to-earnings ratio of -6.17, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. B2Gold's payout ratio is currently -25.32%.

Insider Transactions at B2Gold

In other news, Senior Officer Randall Chatwin sold 100,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of C$4.65, for a total transaction of C$465,000.00. 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.

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