B2Gold (TSE:BTO) Share Price Passes Above 200 Day Moving Average of $3.72

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares 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 trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Eight Capital decreased 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. BMO Capital Markets lowered their target price on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Cormark lifted their price target on shares of B2Gold from C$5.00 to C$5.50 in a research note on Thursday, June 20th. 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. Finally, Scotiabank cut their target price on shares of B2Gold from C$5.50 to C$5.00 in a research report on Thursday, May 9th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$5.95.

B2Gold Trading Down 1.3 %

The stock’s fifty day simple moving average is C$3.67 and its 200 day simple moving average is C$3.72. The firm has a market capitalization of C$4.77 billion, a PE ratio of -73.40, a PEG ratio of -0.27 and a beta of 1.15. The company has a quick ratio of 3.33, a current ratio of 2.99 and a debt-to-equity ratio of 1.15.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.01. The firm had revenue of C$622.09 million during the quarter. B2Gold had a negative return on equity of 0.33% and a negative net margin of 1.88%. On average, sell-side analysts predict that B2Gold Corp. will post 0.3689788 earnings per share for the current year.

B2Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 24th were paid a $0.055 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.22 annualized dividend and a dividend yield of 5.99%. This is an increase from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s dividend payout ratio (DPR) is -440.00%.

Insider Activity at B2Gold

In other B2Gold news, Director Clive Thomas Johnson sold 91,552 shares of B2Gold 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$343,320.00. In related news, Director Clive Thomas Johnson sold 91,552 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$343,320.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$3.72, for a total value of C$46,574.40. In the last ninety days, insiders sold 368,391 shares of company stock worth $1,418,413. 0.62% of the stock is owned by company insiders.

B2Gold Company Profile

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.