B2Gold (TSE:BTO) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of B2Gold Corp. (TSE:BTOGet Free Report) (NYSE:BTG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.06 and traded as high as C$5.09. B2Gold shares last traded at C$5.00, with a volume of 2,335,268 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BTO. Cormark upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. BMO Capital Markets dropped their target price on shares of B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Stifel Nicolaus upped their target price on shares of B2Gold from C$6.50 to C$7.50 in a research note on Monday, April 21st. Finally, Scotiabank upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$6.11.

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B2Gold Stock Down 2.2%

The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market cap of C$4.62 billion, a price-to-earnings ratio of -5.76, a PEG ratio of -0.27 and a beta of 1.23. The firm’s fifty day simple moving average is C$4.52 and its 200 day simple moving average is C$4.06.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 24th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.60%. B2Gold’s dividend payout ratio is presently -25.32%.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin sold 30,150 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of C$4.17, for a total transaction of C$125,725.50. Also, Director Clive Thomas Johnson sold 103,949 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of C$4.17, for a total transaction of C$433,467.33. Insiders sold 474,941 shares of company stock worth $2,047,466 in the last 90 days. 0.66% of the stock is currently owned by corporate insiders.

B2Gold Company Profile

(Get Free Report)

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.

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