B2Gold (TSE:BTO) Stock Crosses Above 200-Day Moving Average - Time to Sell?

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.94 and traded as high as C$4.50. B2Gold shares last traded at C$4.41, with a volume of 3,467,486 shares traded.

Wall Street Analyst Weigh In

BTO has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on B2Gold from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. Cibc World Mkts cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. CIBC set a C$3.30 price target on B2Gold and gave the stock an "outperform" rating in a report on Wednesday, August 14th. Scotiabank downgraded B2Gold from an "outperform" rating to a "sector perform" rating in a research note on Friday, August 9th. Finally, Cormark increased their price target on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$5.92.

B2Gold Stock Performance

The business's fifty day moving average price is C$4.28 and its 200-day moving average price is C$3.94. The stock has a market capitalization of C$5.57 billion, a PE ratio of -25.94, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The business had revenue of C$673.95 million during the quarter. As a group, equities research analysts expect that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Tuesday, September 10th. B2Gold's dividend payout ratio is presently -129.41%.

Insider Activity at B2Gold

In related news, Director Clive Thomas Johnson acquired 70,000 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was purchased at an average cost of C$4.29 per share, with a total value of C$300,300.00. In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Also, Director Clive Thomas Johnson purchased 70,000 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Insiders have sold 87,449 shares of company stock valued at $384,111 over the last ninety days. Insiders own 0.66% of the company's stock.

About B2Gold

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.