B2Gold (TSE:BTO) Shares Up 16.7% – Time to Buy?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price traded up 16.7% during trading on Thursday . The stock traded as high as C$7.19 and last traded at C$7.11. 3,985,242 shares were traded during mid-day trading, a decline of 43% from the average session volume of 6,992,009 shares. The stock had previously closed at C$6.09.

Analysts Set New Price Targets

Separately, National Bank Financial lowered their target price on shares of B2Gold from C$10.25 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, B2Gold presently has a consensus rating of “Moderate Buy” and an average target price of C$8.92.

B2Gold Price Performance

The company has a debt-to-equity ratio of 17.54, a current ratio of 1.06 and a quick ratio of 3.33. The stock has a market cap of C$9.03 billion, a P/E ratio of 24.14, a P/E/G ratio of -0.27 and a beta of 1.59. The company’s 50 day simple moving average is C$6.69 and its 200 day simple moving average is C$6.59.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 earnings per share (EPS) for the quarter. B2Gold had a net margin of 13.18% and a return on equity of 12.15%. The company had revenue of C$1.61 billion during the quarter. As a group, equities analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. B2Gold’s dividend payout ratio (DPR) is currently 28.57%.

Insider Buying and Selling

In related news, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total value of C$145,000.00. Following the sale, the insider owned 6,199 shares of the company’s stock, valued at approximately C$44,942.75. This trade represents a 76.34% decrease in their position. Also, insider William Lytle sold 272,373 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the completion of the transaction, the insider directly owned 38,975 shares of the company’s stock, valued at approximately C$324,272. This trade represents a 87.48% decrease in their position. In the last three months, insiders sold 583,159 shares of company stock worth $4,821,759. 0.66% of the stock is owned by insiders.

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.