B2Gold (TSE:BTO) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.53. B2Gold shares last traded at C$6.47, with a volume of 2,086,557 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BTO shares. Stifel Nicolaus lowered their target price on shares of B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. National Bankshares raised their price objective on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Finally, Bank of America upped their target price on B2Gold from C$5.35 to C$6.25 in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$7.90.

B2Gold Stock Down 1.2%

The company’s 50 day moving average is C$6.29 and its 200 day moving average is C$5.84. The company has a market cap of C$8.64 billion, a PE ratio of 43.13, a P/E/G ratio of -0.27 and a beta of 0.89. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$1.09 billion for the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. As a group, analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.08 annualized dividend and a yield of 1.2%. B2Gold’s dividend payout ratio is 66.67%.

Insider Transactions at B2Gold

In other B2Gold news, insider Andrew Bruce Brown sold 75,000 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of C$7.50, for a total value of C$562,500.00. Following the completion of the sale, the insider directly owned 17,333 shares in the company, valued at approximately C$129,997.50. This represents a 81.23% decrease in their position. Also, insider John Alex Rajala sold 142,857 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of C$7.50, for a total value of C$1,071,427.50. Following the transaction, the insider directly owned 238,342 shares in the company, valued at C$1,787,565. The trade was a 37.48% decrease in their position. Over the last 90 days, insiders have sold 1,253,978 shares of company stock valued at $9,256,534. Company insiders own 0.66% of the company’s stock.

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.