B2Gold (TSE:BTO) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.30 and traded as high as C$7.37. B2Gold shares last traded at C$7.35, with a volume of 6,531,911 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on BTO. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. National Bank Financial upped their price target on shares of B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Finally, Stifel Nicolaus lowered their price objective on B2Gold from C$11.50 to C$10.50 in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, B2Gold has an average rating of “Buy” and a consensus price target of C$7.90.

B2Gold Price Performance

The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The firm has a market capitalization of C$9.82 billion, a price-to-earnings ratio of 49.00, a PEG ratio of -0.27 and a beta of 1.02. The business’s fifty day simple moving average is C$6.65 and its 200 day simple moving average is C$6.31.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. The company had revenue of C$1.09 billion for the quarter. On average, research analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently 66.67%.

About B2Gold

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.