B2Gold (TSE:BTO) Share Price Passes Above Two Hundred Day Moving Average of $3.72

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.72 and traded as high as C$3.79. B2Gold shares last traded at C$3.67, with a volume of 2,132,256 shares traded.

Wall Street Analyst Weigh In

BTO has been the topic of several research reports. Canaccord Genuity Group lowered their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. BMO Capital Markets reduced their price objective on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Scotiabank lowered their target price on B2Gold from C$5.50 to C$5.00 in a research note on Thursday, May 9th. Eight Capital cut their price target on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Stifel Nicolaus lowered their price objective on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, B2Gold presently has an average rating of “Buy” and a consensus price target of C$5.95.

B2Gold Stock Up 1.9 %

The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.33 and a current ratio of 2.99. The company has a market capitalization of C$4.89 billion, a PE ratio of -75.20, a price-to-earnings-growth ratio of -0.27 and a beta of 1.15. The firm’s 50-day simple moving average is C$3.68 and its 200 day simple moving average is C$3.71.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.01. B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%. The firm had revenue of C$622.09 million for the quarter. As a group, equities research analysts forecast that B2Gold Corp. will post 0.3689788 earnings per share for the current year.

B2Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 24th were issued a $0.055 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s dividend payout ratio is currently -440.00%.

Insider Buying and Selling

In related news, Director Clive Thomas Johnson sold 91,552 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Director Clive Thomas Johnson sold 91,552 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. Over the last ninety days, insiders sold 368,391 shares of company stock valued at $1,418,413. 0.62% of the stock is owned by 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.