B2Gold (TSE:BTO) Stock Price Passes Above 200 Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.88 and traded as high as C$6.28. B2Gold shares last traded at C$6.18, with a volume of 2,386,715 shares changing hands.

Analyst Upgrades and Downgrades

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

B2Gold Stock Down 1.0%

The business’s fifty day simple moving average is C$6.17 and its two-hundred day simple moving average is C$5.88. The company has a market cap of C$8.26 billion, a PE ratio of 41.20, a PEG ratio of -0.27 and a beta of 0.89. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

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

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently 66.67%.

Insiders Place Their Bets

In other news, insider Andrew Bruce Brown sold 75,000 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of C$7.50, for a total transaction of C$562,500.00. Following the transaction, the insider owned 17,333 shares in the company, valued at C$129,997.50. This trade represents a 81.23% decrease in their position. Also, insider Peter Dominic Montano sold 147,000 shares of B2Gold stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of C$7.49, for a total transaction of C$1,101,030.00. Following the completion of the sale, the insider directly owned -1,405 shares in the company, valued at C($10,523.45). This represents a 100.97% decrease in their position. In the last 90 days, insiders sold 1,253,978 shares of company stock valued at $9,256,534. Corporate 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.