B2Gold (TSE:BTO) Shares Up 20.9% - Still a Buy?

Key Points

• B2Gold shares jumped 20.9% to C$6.94 in heavy trading, with volume more than doubling the daily average.
• National Bank Financial cut its price target to C$9.75 but maintained an “outperform” rating; overall analyst sentiment remains a “Moderate Buy” with an average target of C$8.83.
• The company reported C$0.04 in quarterly EPS on C$1.12 billion in revenue and pays a quarterly dividend of $0.02 per share, while insiders have sold more than 227,000 shares over the past three months.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG traded up 20.9% on Friday . The stock traded as high as C$7.08 and last traded at C$6.94. 12,702,488 shares were traded during mid-day trading, an increase of 107% from the average daily volume of 6,130,658 shares. The stock had previously closed at C$5.74.

Analyst Upgrades and Downgrades

Separately, National Bank Financial dropped their price target on shares of B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$8.83.

B2Gold Stock Up 21.8%

The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The company has a market cap of C$9.31 billion, a P/E ratio of 18.39, a P/E/G ratio of -0.27 and a beta of 1.74. The stock has a 50 day moving average price of C$5.67 and a 200 day moving average price of C$6.43.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$1.12 billion for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%. Research analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold's dividend payout ratio is currently 21.05%.

Insiders Place Their Bets

In related news, insider William Lytle sold 14,089 shares of B2Gold stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$82,843.32. Following the transaction, the insider owned 218,475 shares of the company's stock, valued at approximately C$1,284,633. This trade represents a 6.06% decrease in their position. Also, insider Peter Dominic Montano sold 61,254 shares of the business's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of C$6.51, for a total value of C$398,763.54. Following the sale, the insider owned 456 shares in the company, valued at approximately C$2,968.56. The trade was a 99.26% decrease in their position. Insiders have sold a total of 227,252 shares of company stock worth $1,401,375 over the last three months. Company insiders own 0.66% of the company's stock.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

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