B2Gold (TSE:BTO) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.92 and traded as high as C$4.09. B2Gold shares last traded at C$3.96, with a volume of 9,065,412 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on BTO. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. BMO Capital Markets lowered their price target on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Finally, TD Securities lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$5.79.

B2Gold Price Performance

The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The company has a market cap of C$3.66 billion, a PE ratio of -4.56, a P/E/G ratio of -0.27 and a beta of 1.23. The stock has a 50-day simple moving average of C$3.59 and a 200 day simple moving average of C$3.92.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were given a $0.054 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 5.45%. B2Gold’s dividend payout ratio is currently -25.32%.

Insider Activity at B2Gold

In other news, Senior Officer Randall Chatwin acquired 10,153 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Company 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.