B2Gold (TSE:BTO) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.00 and traded as high as C$4.19. B2Gold shares last traded at C$4.08, with a volume of 2,292,208 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BTO shares. 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. Stifel Nicolaus increased their price objective on B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Cormark raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a 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 research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$5.93.

B2Gold Stock Down 1.4 %

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 business's fifty day moving average price is C$4.23 and its 200 day moving average price is C$4.00. The company has a market capitalization of C$3.77 billion, a P/E ratio of -4.70, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 1.96%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio is -25.32%.

Insider Activity

In related news, Director Jerry Korpan sold 120,000 shares of the business's stock in a transaction on 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 Eduard Bartz sold 13,161 shares of B2Gold stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of C$3.79, for a total value of C$49,880.19. Following the transaction, the insider now directly owns 16 shares of the company's stock, valued at approximately C$60.64. The trade was a 99.88 % decrease in their ownership of the stock. In the last ninety days, insiders have sold 535,145 shares of company stock worth $2,191,177. Company insiders own 0.66% of the company's stock.

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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