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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.96 and traded as high as C$4.59. B2Gold shares last traded at C$4.47, with a volume of 10,344,934 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on BTO. BMO Capital Markets dropped their price target on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and lifted their price target for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. Finally, TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$6.01.

B2Gold Stock Performance

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 business has a 50 day moving average price of C$3.80 and a two-hundred day moving average price of C$3.96. The stock has a market cap of C$4.13 billion, a PE ratio of -5.15, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, March 7th. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

Insider Buying and Selling at B2Gold

In related news, Senior Officer William Lytle sold 54,062 shares of B2Gold stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. Also, Senior Officer Eduard Bartz sold 27,862 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the transaction, the insider now directly owns 16 shares in the company, valued at approximately C$62.24. The trade was a 99.94 % decrease in their ownership of the stock. Over the last quarter, insiders have sold 168,420 shares of company stock worth $649,531. 0.66% of the stock is currently owned by company insiders.

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.