B2Gold (TSE:BTO) Hits New 52-Week High – Still a Buy?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price reached a new 52-week high on Monday . The stock traded as high as C$8.60 and last traded at C$8.26, with a volume of 1516877 shares. The stock had previously closed at C$8.38.

Wall Street Analysts Forecast Growth

BTO has been the topic of a number of analyst reports. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. National Bank Financial raised their price target on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Finally, Stifel Nicolaus lowered their price target on shares of B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$8.31.

B2Gold Stock Down 1.1%

The firm has a fifty day simple moving average of C$6.94 and a 200 day simple moving average of C$6.52. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The company has a market cap of C$11.08 billion, a PE ratio of 55.27, a PEG ratio of -0.27 and a beta of 1.02.

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

B2Gold Dividend Announcement

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

Insiders Place Their Bets

In other B2Gold news, insider William Lytle sold 272,373 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the completion of the sale, the insider directly owned 38,975 shares in the company, valued at C$324,272. This represents a 87.48% decrease in their ownership of the stock. Also, 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 value of C$145,000.00. Following the completion of the transaction, the insider directly owned 6,199 shares in the company, valued at C$44,942.75. This represents a 76.34% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 583,159 shares of company stock valued at $4,821,759. 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.