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

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.43 and traded as high as C$7.65. B2Gold shares last traded at C$7.61, with a volume of 8,513,484 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on BTO. Scotia upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 target price on the stock in a research report 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. National Bank Financial cut their price target 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. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Finally, TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$9.33.

B2Gold Trading Up 2.4%

The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The business’s fifty day moving average is C$5.92 and its 200-day moving average is C$6.43. The stock has a market capitalization of C$10.14 billion, a PE ratio of 13.59, a P/E/G ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The company had revenue of C$1.12 billion for the quarter. As a group, analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is 14.29%.

Insiders Place Their Bets

In related news, Director Jerry Korpan sold 200,000 shares of the 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 transaction of C$1,412,000.00. Following the completion of the sale, the director owned 2,280,000 shares of the company’s stock, valued at approximately C$16,096,800. This represents a 8.06% decrease in their position. Also, Director Michael Andrew Cinnamond sold 14,089 shares of the stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the sale, the director directly owned 315,371 shares of the company’s stock, valued at approximately C$1,854,381.48. This trade represents a 4.28% decrease in their position. Over the last ninety days, insiders sold 536,585 shares of company stock worth $3,652,521. 0.66% of the stock is owned by insiders.

B2Gold Company Profile

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.