B2Gold (TSE:BTO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.47 and traded as high as C$7.82. B2Gold shares last traded at C$7.60, with a volume of 3,533,687 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BTO shares. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Scotia raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 target price on the stock in a research note on Monday, August 10th. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$6.50 to C$11.00 in a research report on Monday, August 10th. National Bank Financial cut their price target on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$9.33.

B2Gold Stock Performance

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 stock has a fifty day simple moving average of C$6.16 and a 200-day simple moving average of C$6.47. The company has a market capitalization of C$9.95 billion, a P/E ratio of 13.34, a PEG ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$1.12 billion for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. Equities analysts forecast that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

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

Insider Activity at B2Gold

In related news, insider Randall Chatwin sold 22,000 shares of the 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 transaction of C$125,400.00. Following the sale, the insider directly owned 119,989 shares in the company, valued at C$683,937.30. This represents a 15.49% decrease in their position. Also, insider Ninette Krohnert sold 4,700 shares of the firm’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$27,636.00. Following the sale, the insider directly owned 62,557 shares of the company’s stock, valued at C$367,835.16. This represents a 6.99% decrease in their ownership of the stock. In the last quarter, insiders have sold 536,585 shares of company stock valued at $3,652,521. Insiders own 0.66% of the company’s stock.

B2Gold Company Profile

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.