B2Gold (TSE:BTO) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.96 and traded as high as C$4.59. B2Gold shares last traded at C$4.47, with a volume of 10,344,934 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BTO shares. BMO Capital Markets lowered their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. TD Securities lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark upgraded B2Gold from a "market perform" rating to a "buy" rating and boosted their price objective for the stock from C$4.50 to C$6.25 in a report on Friday, February 21st. Finally, Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$6.01.

B2Gold Price Performance

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 stock's 50 day moving average price is C$3.82 and its two-hundred day moving average price is C$3.97. The firm has a market capitalization of C$4.17 billion, a price-to-earnings ratio of -5.19, a P/E/G ratio of -0.27 and a beta of 1.23.

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B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, March 7th. B2Gold's dividend payout ratio (DPR) is presently -25.32%.

Insider Activity at B2Gold

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total transaction of C$333,009.60. Also, Director Gregory Barnes purchased 50,000 shares of B2Gold stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of C$4.07 per share, with a total value of C$203,500.00. In the last quarter, insiders sold 168,420 shares of company stock valued at $649,531. 0.66% of the stock is owned by corporate 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.