B2Gold (NYSEAMERICAN:BTG) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $4.83 and traded as low as $4.51. B2Gold shares last traded at $4.60, with a volume of 32,188,218 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BTG shares. Royal Bank Of Canada increased their target price on B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Raymond James Financial boosted their target price on shares of B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a report on Friday, September 4th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. Finally, Scotiabank raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold has a consensus rating of “Buy” and a consensus price target of $6.81.

B2Gold Stock Down 7.8%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The company has a market capitalization of $6.07 billion, a PE ratio of 8.36, a P/E/G ratio of 0.29 and a beta of 0.70. The business has a 50-day moving average of $5.29 and a 200 day moving average of $4.83.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. Equities research analysts predict that B2Gold Corp will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On B2Gold

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of B2Gold in the 2nd quarter worth $37,000. Sanctuary Advisors LLC bought a new stake in shares of B2Gold in the 2nd quarter worth about $41,000. GSA Capital Partners LLP purchased a new stake in shares of B2Gold during the 2nd quarter valued at about $43,000. DGS Capital Management LLC purchased a new stake in shares of B2Gold during the 1st quarter valued at about $50,000. Finally, Ascentis Independent Advisors bought a new position in shares of B2Gold in the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company’s activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold’s principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.