B2Gold (TSE:BTO) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Shares crossed above their 200‑day moving average (200‑day MA C$6.62), trading as high as C$7.25 and last at C$7.13 on volume of about 3.95 million shares.
• National Bank Financial raised its target to C$10 and gave an "Outperform" rating; B2Gold's analyst consensus is "Buy" with an average price target of C$8.31.
• Significant insider selling occurred: insiders sold 583,159 shares worth roughly $4.82 million in the last quarter (including large sales by William Lytle and Randall Chatwin), leaving insiders with just 0.66% ownership.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.62 and traded as high as C$7.25. B2Gold shares last traded at C$7.13, with a volume of 3,949,371 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial upped their target price on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, B2Gold currently has a consensus rating of "Buy" and an average price target of C$8.31.

B2Gold Price Performance

The company has a current ratio of 1.06, a quick ratio of 3.33 and a debt-to-equity ratio of 17.54. The company has a market cap of C$9.53 billion, a PE ratio of 25.46, a P/E/G ratio of -0.27 and a beta of 1.21. The firm has a 50 day moving average of C$7.09 and a two-hundred day moving average of C$6.62.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%.The business had revenue of C$1.41 billion during the quarter. Research analysts predict that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. B2Gold's payout ratio is currently 28.57%.

Insider Transactions at B2Gold

In related news, insider William Lytle sold 272,373 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the sale, the insider directly owned 38,975 shares of the company's stock, valued at approximately C$324,272. This represents a 87.48% decrease in their position. Also, insider Randall Chatwin sold 20,000 shares of the firm's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the sale, the insider owned 6,199 shares of the company's stock, valued at approximately C$44,942.75. This represents a 76.34% decrease in their ownership of the stock. In the last quarter, insiders sold 583,159 shares of company stock worth $4,821,759. 0.66% of the stock is currently owned by company insiders.

B2Gold Company Profile

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. There is no dependence on a particular purchaser because the gold is sold into a global market.

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