B2Gold (TSE:BTO) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• B2Gold Corp. shares surpassed their 200-day moving average of C$4.47, reaching a peak of C$5.38 and currently trading at C$5.22.
• Wall Street analysts have recently upgraded B2Gold's stock rating from "hold" to "moderate buy", with a consensus price target of C$6.75.
• The company announced a quarterly dividend of $0.02 per share, translating to an annualized yield of 1.5% and a payout ratio of -25.32%.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG's share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.47 and traded as high as C$5.38. B2Gold shares last traded at C$5.22, with a volume of 3,298,434 shares changing hands.

Analysts Set New Price Targets

Separately, Raymond James Financial upgraded B2Gold to a "moderate buy" rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, B2Gold presently has a consensus rating of "Hold" and a consensus target price of C$6.75.

B2Gold Trading Up 0.5%

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 fifty day moving average of C$4.96 and a two-hundred day moving average of C$4.52. The stock has a market capitalization of C$5.12 billion, a price-to-earnings ratio of -6.38, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 24th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. B2Gold's payout ratio is currently -25.32%.

Insider Activity

In other news, Senior Officer Randall Chatwin sold 8,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$4.97, for a total transaction of C$40,754.00. Corporate insiders own 0.66% of the company's stock.

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.