B2Gold (NYSEAMERICAN:BTG) Sets New 52-Week High – Time to Buy?

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, B2Gold presently has a consensus rating of “Hold”.

B2Gold Trading Up 4.4%

The firm has a fifty day moving average of $4.93 and a two-hundred day moving average of $4.64. The company has a market cap of $8.02 billion, a PE ratio of 23.04 and a beta of 0.57. The company has a current ratio of 1.06, a quick ratio of 0.47 and a debt-to-equity ratio of 0.16.

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

Institutional Investors Weigh In On B2Gold

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in B2Gold during the fourth quarter valued at 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 position in shares of B2Gold during the 4th quarter valued at $55,000. Inspire Advisors LLC bought a new position in shares of B2Gold in the fourth quarter worth $59,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of B2Gold in the fourth quarter worth $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.