B2Gold (TSE:BTO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.43 and traded as high as C$7.93. B2Gold shares last traded at C$7.85, with a volume of 9,077,102 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BTO. National Bank Financial increased their target price on B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Stifel Nicolaus dropped their target price on B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$8.31.

B2Gold Trading Up 6.5%

The firm has a market capitalization of C$10.49 billion, a P/E ratio of 52.33, a PEG ratio of -0.27 and a beta of 1.02. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The firm has a 50 day moving average of C$6.76 and a 200-day moving average of C$6.43.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$1.41 billion during the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%. On average, equities research analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s payout ratio is 66.67%.

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.