B2Gold (TSE:BTO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.30 and traded as high as C$7.37. B2Gold shares last traded at C$7.35, with a volume of 6,531,911 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BTO. Stifel Nicolaus decreased their price objective on shares of B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. National Bank Financial upped their price objective on shares of B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Finally, Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$7.90.

B2Gold Stock Up 7.9%

The firm has a market capitalization of C$9.82 billion, a P/E ratio of 49.00, a PEG ratio of -0.27 and a beta of 1.02. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The firm’s 50-day moving average is C$6.65 and its 200 day moving average is C$6.30.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$1.09 billion for the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%. As a group, equities research analysts predict 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. Stockholders of record on Monday, December 15th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently 66.67%.

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. There is no dependence on a particular purchaser because the gold is sold into a global market.