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

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.11 and traded as high as C$4.93. B2Gold shares last traded at C$4.89, with a volume of 5,243,951 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BTO shares. Stifel Nicolaus boosted their price target on B2Gold from C$6.50 to C$7.50 in a report on Monday, April 21st. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. BMO Capital Markets cut their price objective on B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Finally, Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.11.

B2Gold Price Performance

The stock has a 50 day simple moving average of C$4.61 and a two-hundred day simple moving average of C$4.13. The company has a market cap of C$4.46 billion, a price-to-earnings ratio of -5.56, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's dividend payout ratio is presently -25.32%.

Insider Buying and Selling

In other B2Gold news, Senior Officer Randall Chatwin sold 8,200 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$4.97, for a total value of C$40,754.00. Also, Director Jerry Korpan sold 120,000 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of C$4.63, for a total transaction of C$555,600.00. In the last ninety days, insiders sold 474,941 shares of company stock valued at $2,047,466. 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.