B2Gold (TSE:BTO) Share Price Passes Above 200-Day Moving Average – Time to Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.88 and traded as high as C$6.28. B2Gold shares last traded at C$6.18, with a volume of 2,386,715 shares changing hands.

Analyst Ratings Changes

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

B2Gold Stock Performance

The firm has a market cap of C$8.26 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of -0.27 and a beta of 0.89. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The firm has a fifty day simple moving average of C$6.17 and a two-hundred day simple moving average of C$5.88.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 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%. On average, analysts expect 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. Shareholders of record on Monday, December 15th were issued a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. B2Gold’s dividend payout ratio (DPR) is currently 66.67%.

Insider Activity at B2Gold

In other news, insider Peter Dominic Montano sold 147,000 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of C$7.49, for a total transaction of C$1,101,030.00. Following the sale, the insider directly owned -1,405 shares of the company’s stock, valued at C($10,523.45). The trade was a 100.97% decrease in their ownership of the stock. Also, insider William Lytle sold 817,121 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$7.33, for a total value of C$5,989,496.93. Following the completion of the transaction, the insider owned 38,975 shares of the company’s stock, valued at C$285,686.75. This trade represents a 95.45% decrease in their position. Over the last ninety days, insiders have sold 1,253,978 shares of company stock valued at $9,256,534. 0.66% of the stock is currently owned by corporate 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.