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

Key Points

• B2Gold Corp. (TSE:BTO, NYSE:BTG) reached a new 52-week high of C$5.24 during trading, concluding the day at C$5.19.
• Analyst ratings have improved, with price targets raised; Stifel Nicolaus increased their target from C$6.50 to C$7.50 while Scotiabank upgraded their rating to strong buy.
• B2Gold announced a quarterly dividend of $0.02 per share, translating to an annual yield of 1.5%.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$5.24 and last traded at C$5.19, with a volume of 401926 shares trading hands. The stock had previously closed at C$5.19.

Analyst Upgrades and Downgrades

BTO has been the topic of several analyst reports. Raymond James Financial upgraded B2Gold to a "moderate buy" rating in a report on Monday, June 30th. Stifel Nicolaus increased their target price on B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Cormark raised B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$6.11.

B2Gold Stock Up 0.6%

The firm has a 50-day simple moving average of C$4.90 and a 200 day simple moving average of C$4.40. 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 company has a market capitalization of C$4.58 billion, a PE ratio of -5.71, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 24th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's payout ratio is presently -25.32%.

Insider Activity

In other news, Senior Officer Randall Chatwin sold 8,200 shares of B2Gold stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$4.97, for a total transaction of C$40,754.00. 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.