B2Gold (TSE:BTO) Share Price Passes Below 200 Day Moving Average – Here’s Why

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.62 and traded as low as C$5.55. B2Gold shares last traded at C$5.66, with a volume of 8,071,648 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their price target on shares of B2Gold from C$10.00 to C$10.70 and gave the company an “outperform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, B2Gold has a consensus rating of “Moderate Buy” and an average price target of C$9.15.

B2Gold Trading Down 0.9%

The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16. The stock’s 50 day moving average is C$6.34 and its two-hundred day moving average is C$6.61. The company has a market capitalization of C$7.47 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of -0.27 and a beta of 1.61.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. The business had revenue of C$1.61 billion during the quarter. As a group, sell-side analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is 21.05%.

Insider Activity

In other news, insider Randall Chatwin sold 67,857 shares of B2Gold stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$6.33, for a total value of C$429,534.81. Following the transaction, the insider directly owned 130,043 shares in the company, valued at approximately C$823,172.19. This trade represents a 34.29% decrease in their position. Also, Director Kevin Bullock sold 13,400 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$7.14, for a total value of C$95,676.00. Following the sale, the director owned 42,100 shares of the company’s stock, valued at C$300,594. This trade represents a 24.14% decrease in their ownership of the stock. In the last three months, insiders have sold 152,097 shares of company stock worth $991,747. 0.66% of the stock is currently owned by company insiders.

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.