B2Gold (TSE:BTO) Trading Up 20.9% – Here’s Why

B2Gold Corp. (TSE:BTOGet Free Report) (NYSE:BTG)’s share price shot up 20.9% during trading on Friday . The stock traded as high as C$7.08 and last traded at C$6.94. 12,702,488 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 6,130,658 shares. The stock had previously closed at C$5.74.

Analyst Upgrades and Downgrades

Separately, National Bank Financial dropped their price target on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold has a consensus rating of “Moderate Buy” and an average price target of C$8.83.

Get Our Latest Analysis on B2Gold

B2Gold Trading Up 21.8%

The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The stock has a market cap of C$9.31 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of -0.27 and a beta of 1.74. The company’s 50 day simple moving average is C$5.67 and its two-hundred day simple moving average is C$6.43.

B2Gold (TSE:BTOGet Free Report) (NYSE:BTG) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. The business had revenue of C$1.12 billion for the quarter. Research analysts expect that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio is presently 21.05%.

Insider Transactions at B2Gold

In other B2Gold news, insider Ninette Krohnert sold 4,700 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$27,636.00. Following the completion of the sale, the insider directly owned 62,557 shares of the company’s stock, valued at C$367,835.16. The trade was a 6.99% decrease in their ownership of the stock. Also, Director Michael Andrew Cinnamond sold 14,089 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the completion of the sale, the director owned 315,371 shares of the company’s stock, valued at C$1,854,381.48. This represents a 4.28% decrease in their ownership of the stock. Over the last three months, insiders sold 227,252 shares of company stock valued at $1,401,375. Insiders own 0.66% of the company’s stock.

About B2Gold

(Get Free Report)

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

Further Reading

Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.