B2Gold (NYSEAMERICAN:BTG) Reaches New 12-Month High – Still a Buy?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.00 and last traded at $5.95, with a volume of 14373682 shares. The stock had previously closed at $5.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

B2Gold Trading Up 0.2%

The company has a quick ratio of 0.47, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.32 billion, a P/E ratio of 23.89 and a beta of 0.58. The firm’s 50-day simple moving average is $4.99 and its 200 day simple moving average is $4.67.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.15 billion. B2Gold had a return on equity of 18.12% and a net margin of 13.13%.The company’s revenue for the quarter was up 110.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. As a group, analysts expect that B2Gold Corp will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in B2Gold in the 4th quarter worth about $75,333,000. Millennium Management LLC boosted its position in B2Gold by 248.2% during the fourth quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock worth $105,264,000 after purchasing an additional 16,639,601 shares during the period. Condire Management LP purchased a new position in shares of B2Gold in the fourth quarter worth about $50,807,000. Marshall Wace LLP raised its position in shares of B2Gold by 1,124.3% in the fourth quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock valued at $38,591,000 after purchasing an additional 7,857,774 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of B2Gold in the fourth quarter valued at approximately $32,899,000. Institutional investors own 61.40% of the company’s stock.

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.