B2Gold (TSE:BTO) Share Price Crosses Above Two Hundred Day Moving Average of $3.72

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.72 and traded as high as C$3.79. B2Gold shares last traded at C$3.67, with a volume of 2,132,256 shares.

Wall Street Analyst Weigh In

BTO has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Stifel Nicolaus reduced their price target on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Cormark lifted their price objective on shares of B2Gold from C$5.00 to C$5.50 in a research report on Thursday, June 20th. Eight Capital reduced their target price on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, BMO Capital Markets decreased their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$5.95.

B2Gold Stock Up 1.9 %

The business’s 50 day simple moving average is C$3.68 and its 200-day simple moving average is C$3.71. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.33 and a current ratio of 2.99. The company has a market cap of C$4.89 billion, a price-to-earnings ratio of -75.20, a price-to-earnings-growth ratio of -0.27 and a beta of 1.15.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.01. B2Gold had a negative return on equity of 0.33% and a negative net margin of 1.88%. The firm had revenue of C$622.09 million during the quarter. Sell-side analysts expect that B2Gold Corp. will post 0.3689788 earnings per share for the current year.

B2Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 24th were paid a $0.055 dividend. This is a boost from B2Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, June 11th. This represents a $0.22 annualized dividend and a dividend yield of 5.85%. B2Gold’s payout ratio is presently -440.00%.

Insider Buying and Selling

In related news, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. In related news, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Also, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total value of C$49,164.30. Over the last quarter, insiders have sold 368,391 shares of company stock worth $1,418,413. Insiders own 0.62% of the company’s stock.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.