B2Gold (TSE:BTO) Stock Crosses Above 200-Day Moving Average – Should You Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$6.71 and traded as high as C$7.17. B2Gold shares last traded at C$7.15, with a volume of 4,812,762 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BTO. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating 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. National Bank Financial reduced their target price on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. TD upgraded shares of B2Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$6.00 to C$8.50 in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$9.95.

B2Gold Stock Up 8.8%

The company has a 50-day simple moving average of C$7.36 and a 200-day simple moving average of C$6.71. The firm has a market cap of C$9.45 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of -0.27 and a beta of 1.86. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$0.20 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$1.19 billion for the quarter. Analysts expect that B2Gold Corp. will post 0.56 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

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

Insider Buying and Selling at B2Gold

In other news, insider William Lytle sold 177,190 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the transaction, the insider directly owned 41,285 shares in the company, valued at approximately C$295,600.60. This represents a 81.10% decrease in their ownership of the stock. Also, Director Jerry Korpan sold 200,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 2,280,000 shares in the company, valued at approximately C$16,096,800. The trade was a 8.06% decrease in their ownership of the stock. 0.66% of the stock is currently owned by company insiders.

B2Gold Company Profile

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.