B2Gold (TSE:BTO) Share Price Passes Above 200-Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.12 and traded as high as C$7.83. B2Gold shares last traded at C$7.83, with a volume of 8,712,494 shares traded.

Wall Street Analysts Forecast Growth

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

B2Gold Stock Performance

The stock has a market cap of C$10.46 billion, a PE ratio of 52.20, a price-to-earnings-growth ratio of -0.27 and a beta of 1.03. The stock has a fifty day moving average of C$6.42 and a 200-day moving average of C$6.12. 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 announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$1.09 billion during the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. On average, equities analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s payout ratio is currently 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.