B2Gold (TSE:BTO) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• B2Gold shares crossed above their 200-day moving average, reaching C$7.31 and last trading at C$7.24 versus the C$6.47 average.
• Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a consensus price target of C$9.33, with several firms recently upgrading their ratings.
• B2Gold reported C$1.12 billion in quarterly revenue and C$0.04 EPS, while announcing a C$0.02 quarterly dividend. However, insiders have sold 475,331 shares over the past three months.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.47 and traded as high as C$7.31. B2Gold shares last traded at C$7.24, with a volume of 4,013,180 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BTO shares. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating and increased their price objective for the stock from C$6.50 to C$11.00 in a report on Monday, August 10th. TD Securities upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. 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. National Bank Financial lowered their price target on B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a report on Tuesday, July 14th. Finally, TD upgraded shares of B2Gold from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$6.00 to C$8.50 in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$9.33.

B2Gold Price Performance

The stock has a market capitalization of C$9.56 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of -0.27 and a beta of 1.94. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The business has a 50-day simple moving average of C$6.55 and a two-hundred day simple moving average of C$6.47.

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

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd will be issued a $0.02 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. B2Gold's dividend payout ratio is 14.29%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Jerry Korpan sold 200,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the sale, the director directly owned 2,280,000 shares in the company, valued at approximately C$16,096,800. The trade was a 8.06% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 22,000 shares of the company's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of C$5.70, for a total transaction of C$125,400.00. Following the completion of the sale, the insider directly owned 119,989 shares of the company's stock, valued at C$683,937.30. The trade was a 15.49% decrease in their ownership of the stock. Over the last three months, insiders have sold 475,331 shares of company stock valued at $3,253,758. Corporate insiders own 0.66% of the company's stock.

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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