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

Key Points

• B2Gold shares moved above their 200-day moving average, reaching C$7.66 before closing at C$7.54, although the stock was reported down 3.9%.
• Analyst sentiment is broadly positive: B2Gold has an average “Buy” rating and a consensus price target of C$9.33, with some analysts recently upgrading the stock and raising targets as high as C$11.00.
• The company reported C$1.12 billion in quarterly revenue, C$0.04 in EPS, a 21.2% net margin, and declared a quarterly dividend equivalent to a 1.1% annual yield. Insiders sold 475,331 shares over the prior 90 days.

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.46 and traded as high as C$7.66. B2Gold shares last traded at C$7.54, with a volume of 3,147,045 shares.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating and lifted their target price for the stock from C$6.50 to C$11.00 in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. National Bank Financial decreased their target price on B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a research report on Tuesday, July 14th. Finally, Scotia raised B2Gold from a "sector perform" rating to a "sector outperform" rating and set a C$10.00 price target for the company in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, B2Gold presently has an average rating of "Buy" and a consensus price target of C$9.33.

B2Gold Trading Down 3.9%

The company has a market cap of C$9.96 billion, a PE ratio of 13.46, a P/E/G ratio of -0.27 and a beta of 1.94. The stock's 50 day moving average is C$6.81 and its 200-day moving average is C$6.46. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The business had revenue of C$1.12 billion during the quarter. As a group, sell-side analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 23rd were given a $0.02 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold's dividend payout ratio (DPR) is currently 14.29%.

Insider Activity at B2Gold

In other news, insider Ninette Krohnert sold 4,700 shares of the firm's stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$27,636.00. Following the completion of the sale, the insider directly owned 62,557 shares of the company's stock, valued at C$367,835.16. This trade represents a 6.99% decrease in their position. Also, insider Randall Chatwin sold 22,000 shares of B2Gold stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$5.70, for a total value of C$125,400.00. Following the completion of the transaction, the insider owned 119,989 shares of the company's stock, valued at approximately C$683,937.30. This trade represents a 15.49% decrease in their position. Insiders sold a total of 475,331 shares of company stock valued at $3,253,758 over the last ninety days. 0.66% of the stock is currently owned by company insiders.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

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