B2Gold (TSE:BTO) Shares Pass Above 200-Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.78 and traded as high as C$6.46. B2Gold shares last traded at C$6.25, with a volume of 5,106,976 shares.

Analyst Upgrades and Downgrades

BTO has been the topic of several research reports. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Stifel Nicolaus dropped their price target on B2Gold from C$11.50 to C$10.50 in a research report on Tuesday, November 11th. Bank of America increased their price objective on B2Gold from C$5.35 to C$6.25 in a report on Thursday, October 16th. Finally, National Bankshares raised their price objective on B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$7.90.

B2Gold Stock Down 1.9%

The firm has a market capitalization of C$8.35 billion, a P/E ratio of 41.67, a P/E/G ratio of -0.27 and a beta of 0.89. The company has a fifty day simple moving average of C$6.45 and a 200 day simple moving average of C$5.78. 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 (TSE:BTO) (NYSE:BTG) last posted 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 during the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%. On average, equities analysts expect that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s dividend payout ratio is currently 66.67%.

Insider Activity

In related news, insider William Lytle sold 817,121 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of C$7.33, for a total transaction of C$5,989,496.93. Following the completion of the sale, the insider owned 38,975 shares of the company’s stock, valued at C$285,686.75. This trade represents a 95.45% decrease in their ownership of the stock. Also, insider Peter Dominic Montano sold 147,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of C$7.49, for a total transaction of C$1,101,030.00. Following the completion of the transaction, the insider owned -1,405 shares of the company’s stock, valued at approximately C($10,523.45). The trade was a 100.97% decrease in their ownership of the stock. In the last ninety days, insiders have sold 1,253,978 shares of company stock worth $9,256,534. Corporate insiders own 0.66% of the company’s stock.

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.