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

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.20 and traded as high as C$6.76. B2Gold shares last traded at C$6.48, with a volume of 6,736,078 shares changing hands.

Wall Street Analyst Weigh In

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

B2Gold Trading Up 6.5%

The stock has a 50 day moving average of C$6.54 and a 200-day moving average of C$6.21. The company has a market capitalization of C$9.22 billion, a P/E ratio of 46.00, a P/E/G ratio of -0.27 and a beta of 1.02. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$1.09 billion for the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. On average, research analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s dividend payout ratio is presently 66.67%.

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.