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

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.97 and traded as high as C$4.21. B2Gold shares last traded at C$4.13, with a volume of 6,848,726 shares trading hands.

Wall Street Analyst Weigh In

BTO has been the topic of several recent analyst reports. TD Securities lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Stifel Nicolaus increased their price objective on B2Gold from C$6.50 to C$7.50 in a report on Monday, April 21st. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark raised B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. Finally, Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and an average price target of C$6.11.

B2Gold Stock Down 5.3%

The company has a market cap of C$3.82 billion, a PE ratio of -4.75, a P/E/G ratio of -0.27 and a beta of 1.23. The business has a 50-day simple moving average of C$4.27 and a 200-day simple moving average of C$3.97. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.94%. B2Gold’s dividend payout ratio is currently -25.32%.

Insiders Place Their Bets

In other news, Director Gregory Barnes bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Also, Director Jerry Korpan sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of C$4.63, for a total value of C$555,600.00. Over the last 90 days, insiders have sold 535,161 shares of company stock worth $2,191,243. 0.66% of the stock is owned by corporate insiders.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.