B2Gold (TSE:BTO) Stock Crosses Above 200-Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.62 and traded as high as C$7.25. B2Gold shares last traded at C$7.13, with a volume of 3,949,371 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$8.31.

B2Gold Stock Down 4.5%

The company has a 50-day moving average of C$7.12 and a 200-day moving average of C$6.63. The company has a current ratio of 1.06, a quick ratio of 3.33 and a debt-to-equity ratio of 17.54. The company has a market capitalization of C$8.88 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%.The business had revenue of C$1.41 billion during the quarter. On average, equities analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 19th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 1.2%. B2Gold’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at B2Gold

In other news, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction on Friday, February 20th. The shares were sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the completion of the sale, the insider directly owned 6,199 shares in the company, valued at approximately C$44,942.75. The trade was a 76.34% decrease in their ownership of the stock. Also, insider William Lytle sold 272,373 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the sale, the insider directly owned 38,975 shares in the company, valued at C$324,272. This trade represents a 87.48% decrease in their ownership of the stock. In the last three months, insiders have sold 583,159 shares of company stock worth $4,821,759. 0.66% of the stock is owned by insiders.

B2Gold Company Profile

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.