B2Gold (TSE:BTO) Share Price Passes Above 200-Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed 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

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

B2Gold Price Performance

The firm has a market cap of C$4.13 billion, a P/E ratio of -5.15, a P/E/G ratio of -0.27 and a beta of 1.23. The firm’s fifty day simple moving average is C$3.80 and its 200 day simple moving average is C$3.96. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83.

B2Gold Cuts Dividend

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

Insiders Place Their Bets

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 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$333,009.60. Also, Senior Officer William Lytle sold 54,062 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total transaction of C$208,138.70. Insiders have sold a total of 168,420 shares of company stock valued at $649,531 in the last quarter. 0.66% of the stock is currently 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.