B2Gold (TSE:BTO) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• B2Gold passed above its 200‑day moving average (C$6.02) and traded as high as C$6.80, closing around C$6.79 on heavy volume (~11.24M shares), up about 2.7%.
• Analysts show a Moderate Buy consensus with an average target of C$7.90, but ratings are mixed (one Strong Buy, one Buy, two Holds) and individual targets range up to C$10.00.
• Fundamentals are mixed: market cap C$9.07B and recent EPS C$0.14, but a high P/E of 45.27, negative net margin (‑38.2%) and negative ROE (‑20.27%); the company pays a small quarterly dividend ($0.02, ~1.2% yield).

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.02 and traded as high as C$6.80. B2Gold shares last traded at C$6.79, with a volume of 11,236,836 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BTO. Cormark lowered B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Friday, November 7th. Bank of America upped their price objective on shares of B2Gold from C$5.35 to C$6.25 in a research note on Thursday, October 16th. National Bankshares raised their target price on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an "outperform" rating in a report on Tuesday, December 9th. Finally, Stifel Nicolaus cut their price target on shares of B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$7.90.

B2Gold Stock Up 2.7%

The business has a fifty day moving average price of C$6.22 and a two-hundred day moving average price of C$6.02. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market cap of C$9.07 billion, a price-to-earnings ratio of 45.27, a P/E/G ratio of -0.27 and a beta of 1.03.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$1.09 billion during the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. On average, equities analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. B2Gold's payout ratio is currently 66.67%.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.

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