B2Gold (TSE:BTO) Shares Pass Above 200-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 Thursday . The stock has a two hundred day moving average of C$5.39 and traded as high as C$6.89. B2Gold shares last traded at C$6.82, with a volume of 4,575,515 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BTO. Bank of America raised their price objective on B2Gold from C$5.35 to C$6.25 in a research report on Thursday, October 16th. Stifel Nicolaus increased their price target on shares of B2Gold from C$7.50 to C$11.50 in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$7.63.

B2Gold Trading Up 2.4%

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 has a market cap of C$9.02 billion, a P/E ratio of -19.49, a P/E/G ratio of -0.27 and a beta of 0.82. The company’s 50 day simple moving average is C$6.61 and its 200-day simple moving average is C$5.39.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.2%. B2Gold’s dividend payout ratio (DPR) is presently -34.29%.

Insiders Place Their Bets

In other B2Gold news, insider Randall Chatwin sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of C$5.33, for a total value of C$37,310.00. Following the completion of the sale, the insider owned 40,199 shares of the company’s stock, valued at C$214,260.67. This trade represents a 14.83% decrease in their ownership of the stock. Also, insider John Alex Rajala sold 142,857 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of C$7.50, for a total transaction of C$1,071,427.50. Following the completion of the sale, the insider directly owned 238,342 shares of the company’s stock, valued at approximately C$1,787,565. The trade was a 37.48% decrease in their position. Insiders have sold 1,305,095 shares of company stock valued at $9,529,870 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

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.