B2Gold (TSE:BTO) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.68 and traded as low as C$6.30. B2Gold shares last traded at C$6.59, with a volume of 8,543,455 shares traded.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their price objective on B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$8.92.

B2Gold Price Performance

The firm has a market capitalization of C$8.85 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of -0.27 and a beta of 1.60. The business has a 50-day moving average of C$6.95 and a 200 day moving average of C$6.68. The company has a current ratio of 1.06, a quick ratio of 3.33 and a debt-to-equity ratio of 17.54.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, February 18th. The company reported C$0.15 EPS for the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%.The business had revenue of C$1.41 billion during the quarter. On average, sell-side analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. B2Gold’s payout ratio is presently 28.57%.

Insider Transactions at B2Gold

In related news, insider William Lytle sold 272,373 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the completion of the sale, the insider directly owned 38,975 shares of the company’s stock, valued at C$324,272. The trade was a 87.48% decrease in their position. Also, insider Randall Chatwin sold 20,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$7.25, for a total value of C$145,000.00. Following the completion of the sale, the insider directly owned 6,199 shares of the company’s stock, valued at C$44,942.75. The trade was a 76.34% decrease in their ownership of the stock. Insiders sold a total of 583,159 shares of company stock valued at $4,821,759 over the last ninety days. 0.66% of the stock is currently owned by corporate 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. There is no dependence on a particular purchaser because the gold is sold into a global market.