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

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.21 and traded as high as C$4.87. B2Gold shares last traded at C$4.78, with a volume of 3,215,688 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BTO shares. BMO Capital Markets dropped their price objective on B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating in a research report on Monday, June 30th. Stifel Nicolaus upped their price target on shares of B2Gold from C$6.50 to C$7.50 in a report on Monday, April 21st. Cormark upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Finally, Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$6.11.

B2Gold Stock Performance

The stock has a market capitalization of C$4.42 billion, a PE ratio of -5.50, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The firm has a 50 day moving average of C$4.72 and a 200-day moving average of C$4.21.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's payout ratio is presently -25.32%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Jerry Korpan sold 120,000 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of C$4.63, for a total value of C$555,600.00. Also, Senior Officer Randall Chatwin sold 100,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$4.65, for a total value of C$465,000.00. Over the last 90 days, insiders have sold 228,216 shares of company stock worth $1,061,420. 0.66% of the stock is currently owned by corporate 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.

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