B2Gold (TSE:BTO) Sets New 52-Week High - Still a 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 reached 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 Ratings Changes

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

B2Gold Trading Up 0.6%

The firm has a market cap of C$4.83 billion, a P/E ratio of -6.01, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. 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's fifty day moving average price is C$4.88 and its two-hundred day moving average price is C$4.36.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th were given 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 dividend payout ratio is -25.32%.

Insiders Place Their Bets

In other news, Senior Officer Randall Chatwin sold 100,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$4.65, for a total value of C$465,000.00. In the last three months, insiders have sold 108,216 shares of company stock valued at $505,820. 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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