B2Gold (TSE:BTO) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$7.33 and traded as low as C$7.04. B2Gold shares last traded at C$7.05, with a volume of 5,468,145 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Scotia raised B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective on the stock in a research note on Monday, August 10th. TD upgraded B2Gold from a “hold” rating to a “buy” rating and upped their target price for the company from C$6.00 to C$8.50 in a report on Monday, August 10th. National Bank Financial raised their target price on B2Gold from C$10.25 to C$11.00 and gave the stock an “outperform” rating in a research note on Monday. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Finally, Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$10.12.

B2Gold Stock Down 4.5%

The business has a 50-day moving average of C$7.33 and a 200-day moving average of C$6.73. The company has a debt-to-equity ratio of 12.50, a quick ratio of 3.33 and a current ratio of 1.77. The stock has a market capitalization of C$9.29 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of -0.27 and a beta of 2.13.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Wednesday, November 4th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$1.19 billion for the quarter. B2Gold had a net margin of 31.07% and a return on equity of 30.40%. On average, sell-side analysts expect that B2Gold Corp. will post 0.56 EPS for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were paid 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 of this dividend was Thursday, September 10th. B2Gold’s payout ratio is 9.76%.

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.