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

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 shares 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.

Wall Street Analysts Forecast Growth

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

B2Gold Stock Down 0.2%

The business has a fifty day moving average of C$4.97 and a 200 day moving average of C$4.53. The stock has a market cap of C$5.08 billion, a price-to-earnings ratio of -6.33, 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 current ratio of 1.83 and a quick ratio of 3.33.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 11th. B2Gold's dividend payout ratio (DPR) is -25.32%.

Insider Transactions at B2Gold

In other news, Senior Officer Randall Chatwin sold 8,200 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$4.97, for a total value of C$40,754.00. 0.66% of the stock is owned by corporate 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.