Free Trial

B2Gold (TSE:BTO) Hits New 12-Month High - Should You Buy?

B2Gold logo with Basic Materials background

Key Points

  • B2Gold Corp. (TSE:BTO) reached a new **52-week high** of C$5.59, with a trading volume of over **3.6 million shares** on the last trading day.
  • Raymond James Financial upgraded B2Gold's stock rating to **"moderate buy"**, while the average price target among analysts is C$6.75, indicating moderate optimism.
  • The company's recent quarterly dividend announced a payment of **$0.02 per share**, yielding **1.4%**, reflecting its ongoing commitment to returning value to shareholders.
  • MarketBeat previews the top five stocks to own by October 1st.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price reached a new 52-week high on Wednesday . The company traded as high as C$5.59 and last traded at C$5.59, with a volume of 3666589 shares traded. The stock had previously closed at C$5.50.

Analyst Ratings Changes

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 assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$6.75.

Check Out Our Latest Stock Analysis on B2Gold

B2Gold Trading Up 2.0%

The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market cap of C$7.50 billion, a P/E ratio of -16.20, a PEG ratio of -0.27 and a beta of 0.40. The stock's 50 day moving average is C$5.01 and its 200-day moving average is C$4.58.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 23rd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. B2Gold's dividend payout ratio is presently -34.29%.

Insider Activity at B2Gold

In related news, Senior Officer Randall Chatwin sold 8,200 shares of the stock in a transaction that occurred 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. 0.66% of the stock is owned by insiders.

About B2Gold

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in B2Gold Right Now?

Before you consider B2Gold, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B2Gold wasn't on the list.

While B2Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Hot Stocks to Buy Now: September’s Top Picks With Major Momentum
$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines