B2Gold (TSE:BTO) Stock Crosses Above 200-Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.47 and traded as high as C$7.31. B2Gold shares last traded at C$7.24, with a volume of 4,013,180 shares trading hands.

Analyst Upgrades and Downgrades

BTO has been the topic of a number of recent analyst reports. Scotia raised B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target on the stock in a research note on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$6.50 to C$11.00 in a research report on Monday, August 10th. Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$9.33.

B2Gold Stock Performance

The stock’s fifty day simple moving average is C$6.59 and its two-hundred day simple moving average is C$6.46. The company has a market cap of C$9.97 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of -0.27 and a beta of 1.94. The company has a debt-to-equity ratio of 11.48, a quick ratio of 3.33 and a current ratio of 1.58.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%.The firm had revenue of C$1.12 billion for the quarter. Equities research analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 10th. B2Gold’s payout ratio is currently 14.29%.

Insiders Place Their Bets

In other news, insider Dennis Stansbury sold 10,364 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$60,940.32. Following the completion of the sale, the insider owned 939,034 shares in the company, valued at approximately C$5,521,519.92. The trade was a 1.09% decrease in their position. Also, Director Jerry Korpan sold 200,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the sale, the director directly owned 2,280,000 shares of the company’s stock, valued at approximately C$16,096,800. This trade represents a 8.06% decrease in their position. Over the last ninety days, insiders sold 475,331 shares of company stock worth $3,253,758. 0.66% of the stock is owned by insiders.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.