B2Gold (TSE:BTO) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$6.71 and traded as high as C$7.17. B2Gold shares last traded at C$7.15, with a volume of 4,812,762 shares.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$6.50 to C$11.00 in a research report on Monday, August 10th. TD Securities raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, National Bank Financial reduced their target price on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$9.95.

B2Gold Stock Up 3.1%

The firm has a market capitalization of C$10.08 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of -0.27 and a beta of 2.13. The business has a 50 day moving average price of C$7.33 and a 200 day moving average price of C$6.72. The company has a debt-to-equity ratio of 12.50, a current ratio of 1.77 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$0.20 earnings per share for the quarter. B2Gold had a net margin of 31.07% and a return on equity of 30.40%. The firm had revenue of C$1.19 billion during the quarter. On average, analysts predict that B2Gold Corp. will post 0.56 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 23rd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 10th. B2Gold’s dividend payout ratio (DPR) is 14.29%.

Insider Activity

In related news, insider William Lytle sold 177,190 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the sale, the insider owned 41,285 shares of the company’s stock, valued at C$295,600.60. The trade was a 81.10% decrease in their ownership of the stock. Also, Director Jerry Korpan sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the completion of the sale, the director owned 2,280,000 shares in the company, valued at approximately C$16,096,800. This represents a 8.06% decrease in their ownership of the stock. 0.66% of the stock is currently owned by insiders.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.