B2Gold (TSE:BTO) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.78 and traded as high as C$6.46. B2Gold shares last traded at C$6.25, with a volume of 5,106,976 shares.

Analyst Upgrades and Downgrades

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

B2Gold Stock Performance

The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The stock has a market cap of C$8.35 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of -0.27 and a beta of 0.89. The business has a 50 day moving average price of C$6.45 and a two-hundred day moving average price of C$5.78.

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 company 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, equities research analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s payout ratio is currently 66.67%.

Insiders Place Their Bets

In other B2Gold news, insider John Alex Rajala sold 142,857 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 238,342 shares in the company, valued at approximately C$1,787,565. This trade represents a 37.48% decrease in their position. Also, insider Andrew Bruce Brown sold 75,000 shares of B2Gold 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 value of C$562,500.00. Following the completion of the sale, the insider owned 17,333 shares in the company, valued at approximately C$129,997.50. This represents a 81.23% decrease in their ownership of the stock. Over the last 90 days, insiders sold 1,253,978 shares of company stock worth $9,256,534. 0.66% of the stock is currently owned by company insiders.

About B2Gold

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.