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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.36 and last traded at C$8.35, with a volume of 13191933 shares. The stock had previously closed at C$7.85.

Key Headlines Impacting B2Gold

Here are the key news stories impacting B2Gold this week:

• Positive Sentiment: Analysts/commentary are flagging a return to profitability and the prospect of higher shareholder returns (dividend increase and buybacks), which supports upside to valuation and is a clear positive catalyst for the stock. Profit Rebound, Dividend Hike and Buyback Could Be A Game Changer For B2Gold (TSX:BTO)
• Neutral Sentiment: B2Gold announced a leadership transition: founder/CEO Clive (Clive) Johnson will retire in June and the company named a successor (Mike Cinnamond), providing clarity around succession — this reduces uncertainty but invites scrutiny of the new CEO’s execution. B2Gold Announces Leadership Transition
• Negative Sentiment: An insider, Randall Chatwin, sold 20,000 shares at about C$7.25 and reduced their holding by ~76%, which investors can view negatively as a signal of decreased insider conviction or personal liquidity needs; sizable insider selling often weighs on sentiment short-term.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. National Bank Financial boosted their target price on B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Stifel Nicolaus decreased their price target on B2Gold from C$11.50 to C$10.50 in a research note on Tuesday, November 11th. Finally, Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$8.31.

B2Gold Trading Up 6.4%

The firm has a market cap of C$11.16 billion, a price-to-earnings ratio of 55.67, a PEG ratio of -0.27 and a beta of 1.02. The business has a fifty day moving average of C$6.76 and a two-hundred day moving average of C$6.43. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Wednesday, February 18th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$1.41 billion for the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%. As a group, equities analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s dividend payout ratio is presently 66.67%.

Insider Transactions at B2Gold

In other B2Gold news, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the completion of the transaction, the insider owned 6,199 shares in the company, valued at approximately C$44,942.75. The trade was a 76.34% decrease in their ownership of the stock. Insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.