B2Gold (TSE:BTO) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.44 and traded as high as C$5.59. B2Gold shares last traded at C$5.48, with a volume of 13,029,884 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on BTO. Bank of America lifted their target price on shares of B2Gold from C$5.35 to C$6.25 in a report on Thursday, October 16th. Stifel Nicolaus raised their price target on B2Gold from C$7.50 to C$11.50 in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and a consensus price target of C$7.63.

B2Gold Price Performance

The company’s 50 day simple moving average is C$6.63 and its 200 day simple moving average is C$5.44. 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 stock has a market cap of C$7.29 billion, a P/E ratio of -15.66, a P/E/G ratio of -0.27 and a beta of 0.96.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 23rd were given a $0.02 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. B2Gold’s dividend payout ratio is currently -34.29%.

Insider Buying and Selling at B2Gold

In other news, insider Andrew Bruce Brown sold 75,000 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of C$7.50, for a total transaction of C$562,500.00. Following the sale, the insider owned 17,333 shares of the company’s stock, valued at C$129,997.50. This trade represents a 81.23% decrease in their ownership of the stock. Also, insider Peter Dominic Montano sold 147,000 shares of B2Gold stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$7.49, for a total value of C$1,101,030.00. Following the transaction, the insider owned -1,405 shares in the company, valued at C($10,523.45). This trade represents a 100.97% decrease in their position. Insiders have sold a total of 1,305,095 shares of company stock worth $9,529,870 in the last three months. 0.66% of the stock is owned by insiders.

About B2Gold

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.