B2Gold (NYSEAMERICAN:BTG) Hits New 1-Year High – Still a Buy?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.28 and last traded at $6.06, with a volume of 3681489 shares trading hands. The stock had previously closed at $6.16.

Wall Street Analysts Forecast Growth

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

B2Gold Trading Down 1.6%

The stock has a market cap of $8.12 billion, a PE ratio of 23.31, a PEG ratio of 0.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.47 and a current ratio of 1.06. The stock has a fifty day moving average price of $5.06 and a 200 day moving average price of $4.71.

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 analysts’ consensus estimates of $0.22 by ($0.11). B2Gold had a return on equity of 18.12% and a net margin of 13.13%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 110.9% compared to the same quarter last year. Equities analysts expect that B2Gold Corp will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of B2Gold during the 4th quarter worth approximately $45,000. Jefferies Financial Group Inc. bought a new position in B2Gold in the 4th quarter valued at $55,000. Cerity Partners LLC purchased a new stake in B2Gold in the fourth quarter worth $55,000. Inspire Advisors LLC bought a new stake in shares of B2Gold during the fourth quarter worth $59,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of B2Gold during the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

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.