B2Gold (TSE:BTO) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• B2Gold Corp.'s stock price has exceeded its **200-day moving average**, trading at C$6.06, above the average of C$4.74.
• Raymond James Financial has upgraded B2Gold to a **"moderate buy"** rating, with a consensus target price of C$6.75 from analysts.
• The company recently declared a **quarterly dividend** of $0.02, yielding an annualized dividend yield of **1.3%**.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.74 and traded as high as C$6.34. B2Gold shares last traded at C$6.06, with a volume of 15,147,650 shares.

Analysts Set New Price Targets

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

B2Gold Price Performance

The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The firm's fifty day moving average price is C$5.32 and its two-hundred day moving average price is C$4.79. The stock has a market capitalization of C$8.22 billion, a PE ratio of -17.74, a PEG ratio of -0.27 and a beta of 0.48.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. B2Gold's dividend payout ratio is currently -34.29%.

Insider Buying and Selling

In other B2Gold news, insider Randall Chatwin sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of C$5.33, for a total transaction of C$37,310.00. Following the completion of the sale, the insider directly owned 40,199 shares of the company's stock, valued at approximately C$214,260.67. This represents a 14.83% decrease in their ownership of the stock. Also, insider Peter Dominic Montano sold 44,102 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$5.35, for a total transaction of C$235,945.70. Following the sale, the insider directly owned -1,405 shares of the company's stock, valued at approximately C($7,516.75). This represents a 103.29% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 51,117 shares of company stock valued at $273,336. 0.66% of the stock is owned by corporate 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.