B2Gold (TSE:BTO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.86 and traded as high as C$4.63. B2Gold shares last traded at C$4.58, with a volume of 2,782,369 shares trading hands.

Analysts Set New Price Targets

BTO has been the topic of several research reports. Canaccord Genuity Group lowered their price target on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets lowered their price objective on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Cormark lifted their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Finally, CIBC set a C$3.30 target price on shares of B2Gold and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, B2Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$5.88.

B2Gold Stock Up 3.7 %

The company has a market cap of C$6.22 billion, a P/E ratio of -29.69, a PEG ratio of -0.27 and a beta of 1.23. The business’s 50 day moving average price is C$4.05 and its 200-day moving average price is C$3.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$673.95 million during the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. On average, analysts anticipate that B2Gold Corp. will post 0.5484293 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s dividend payout ratio is currently -137.50%.

Insiders Place Their Bets

In other news, Senior Officer Ninette Krohnert sold 16,175 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. In other B2Gold news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Director Clive Thomas Johnson bought 70,000 shares of B2Gold stock in a transaction on Friday, October 4th. The shares were bought at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Over the last three months, insiders sold 87,449 shares of company stock valued at $384,111. Insiders own 0.66% 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.