B2Gold (TSE:BTO) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.02 and traded as high as C$6.80. B2Gold shares last traded at C$6.79, with a volume of 11,236,836 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BTO. Stifel Nicolaus dropped their price objective on B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Bank of America lifted their price objective on shares of B2Gold from C$5.35 to C$6.25 in a research note on Thursday, October 16th. Finally, National Bankshares upped their price objective on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, B2Gold presently has an average rating of “Moderate Buy” and an average price target of C$7.90.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The stock’s 50-day simple moving average is C$6.22 and its two-hundred day simple moving average is C$6.02. The stock has a market cap of C$9.07 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of -0.27 and a beta of 1.03.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%.The business had revenue of C$1.09 billion for the quarter. Analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.02 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.2%. B2Gold’s dividend payout ratio (DPR) is presently 66.67%.

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.