B2Gold (TSE:BTO) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• B2Gold Corp.'s stock price recently crossed above its 200-day moving average, with shares trading as high as C$7.55 before closing at C$7.52.
• The company has a current market capitalization of C$9.95 billion and its recent quarterly dividend of $0.02 reflects a yield of 1.1%.
• Insiders at B2Gold have sold over 1.1 million shares recently, indicating significant changes in ownership stakes among company executives.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.12 and traded as high as C$7.55. B2Gold shares last traded at C$7.52, with a volume of 13,144,592 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded B2Gold to a "moderate buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$6.75.

B2Gold Stock Up 5.6%

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 firm has a market capitalization of C$9.95 billion, a P/E ratio of -21.49, a P/E/G ratio of -0.27 and a beta of 0.82. The company has a 50 day simple moving average of C$6.10 and a two-hundred day simple moving average of C$5.12.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, September 10th. B2Gold's dividend payout ratio is presently -34.29%.

Insiders Place Their Bets

In other B2Gold news, insider William Lytle sold 817,121 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$7.33, for a total value of C$5,989,496.93. Following the completion of the transaction, the insider directly owned 38,975 shares in the company, valued at C$285,686.75. This represents a 95.45% decrease in their position. Also, insider Peter Dominic Montano sold 147,000 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of C$7.49, for a total value of C$1,101,030.00. Following the sale, the insider directly owned -1,405 shares in the company, valued at C($10,523.45). This trade represents a 100.97% decrease in their ownership of the stock. Over the last quarter, insiders have sold 1,158,095 shares of company stock valued at $8,435,290. 0.66% of the stock is owned by company insiders.

About B2Gold

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.

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