B2Gold (TSE:BTO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.20 and traded as high as C$6.76. B2Gold shares last traded at C$6.48, with a volume of 6,736,078 shares trading hands.

Analyst Upgrades and Downgrades

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

B2Gold Trading Down 6.4%

The company has a market cap of C$8.66 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of -0.27 and a beta of 1.02. The company’s 50 day moving average price is C$6.53 and its 200 day moving average price is C$6.20. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share (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%. Research analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

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