B2Gold (TSE:BTO) Stock Crosses Below 200 Day Moving Average – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.62 and traded as low as C$5.55. B2Gold shares last traded at C$5.66, with a volume of 8,071,648 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial upped their target price on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$9.15.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33. The stock has a market cap of C$7.54 billion, a P/E ratio of 14.89, a PEG ratio of -0.27 and a beta of 1.61. The stock has a 50-day simple moving average of C$6.37 and a 200-day simple moving average of C$6.62.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$1.61 billion for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. Research analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were given a $0.02 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. B2Gold’s dividend payout ratio (DPR) is currently 21.05%.

Insider Buying and Selling at B2Gold

In other B2Gold news, insider Peter Dominic Montano sold 61,254 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$6.51, for a total transaction of C$398,763.54. Following the sale, the insider owned 456 shares of the company’s stock, valued at approximately C$2,968.56. The trade was a 99.26% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 67,857 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$6.33, for a total transaction of C$429,534.81. Following the transaction, the insider owned 130,043 shares of the company’s stock, valued at C$823,172.19. This trade represents a 34.29% decrease in their ownership of the stock. Insiders have sold 152,097 shares of company stock worth $991,747 over the last quarter. 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. There is no dependence on a particular purchaser because the gold is sold into a global market.