B2Gold (TSE:BTO) Share Price Passes Above 200 Day Moving Average of $3.72

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.72 and traded as high as C$3.79. B2Gold shares last traded at C$3.67, with a volume of 2,132,256 shares traded.

Wall Street Analysts Forecast Growth

BTO has been the topic of a number of research reports. Canaccord Genuity Group cut their price objective on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Cormark increased their price target on shares of B2Gold from C$5.00 to C$5.50 in a report on Thursday, June 20th. Scotiabank reduced their price target on shares of B2Gold from C$5.50 to C$5.00 in a research report on Thursday, May 9th. BMO Capital Markets dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, Eight Capital cut their price objective on shares of B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$5.95.

B2Gold Stock Down 1.3 %

The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.33 and a current ratio of 2.99. The firm has a market cap of C$4.77 billion, a price-to-earnings ratio of -73.40, a PEG ratio of -0.27 and a beta of 1.15. The business’s 50 day moving average price is C$3.67 and its 200 day moving average price is C$3.72.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.01. B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%. The company had revenue of C$622.09 million for the quarter. On average, equities analysts forecast that B2Gold Corp. will post 0.3689788 EPS for the current year.

B2Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 24th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend was Tuesday, June 11th. This is a positive change from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s payout ratio is currently -440.00%.

Insider Buying and Selling

In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$3.72, for a total value of C$46,574.40. In other news, Senior Officer Neil Reeder sold 15,279 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$3.72, for a total transaction of C$46,574.40. In the last 90 days, insiders sold 368,391 shares of company stock valued at $1,418,413. 0.62% of the stock is owned by company insiders.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.