B2Gold (NYSEAMERICAN:BTG) Hits New 52-Week High – Should You Buy?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) shares reached a new 52-week high on Monday . The company traded as high as $6.28 and last traded at $6.06, with a volume of 3681489 shares changing hands. The stock had previously closed at $6.16.

Analysts Set New Price Targets

A number of brokerages have issued reports on BTG. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Scotiabank restated a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

B2Gold Price Performance

The firm has a market cap of $7.35 billion, a PE ratio of 21.12, a P/E/G ratio of 0.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 0.47. The business’s fifty day moving average is $5.10 and its 200-day moving average is $4.74.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). B2Gold had a net margin of 13.13% and a return on equity of 18.12%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm’s revenue was up 110.9% compared to the same quarter last year. On average, research analysts predict that B2Gold Corp will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of B2Gold

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of B2Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after buying an additional 1,018,157 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in B2Gold by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 32,161,379 shares of the basic materials company’s stock valued at $145,051,000 after acquiring an additional 1,023,649 shares during the period. Millennium Management LLC raised its stake in B2Gold by 248.2% in the 4th quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after acquiring an additional 16,639,601 shares during the period. Norges Bank purchased a new stake in B2Gold during the fourth quarter valued at about $75,333,000. Finally, Deutsche Bank AG boosted its position in B2Gold by 68.5% during the fourth quarter. Deutsche Bank AG now owns 15,447,214 shares of the basic materials company’s stock worth $69,667,000 after purchasing an additional 6,281,975 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.