B2Gold (TSE:BTO) Stock Crosses Above Two Hundred Day Moving Average of $3.68

Shares of B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.68 and traded as high as C$3.86. B2Gold shares last traded at C$3.82, with a volume of 2,736,711 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Scotiabank downgraded shares of B2Gold from an "outperform" rating to a "sector perform" rating in a report on Friday, August 9th. CIBC set a C$3.30 price target on shares of B2Gold and gave the company an "outperform" rating in a report on Wednesday, August 14th. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, August 12th. Cibc World Mkts raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group cut their price target on shares of B2Gold from C$7.50 to C$7.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$5.94.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The firm has a market capitalization of C$4.91 billion, a P/E ratio of -23.44, a P/E/G ratio of -0.27 and a beta of 1.21. The stock's 50 day moving average is C$3.84 and its two-hundred day moving average is C$3.69.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Tuesday, September 10th. B2Gold's dividend payout ratio is presently -137.50%.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of the stock in a transaction dated 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 related news, Senior Officer Randall Chatwin sold 12,520 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Also, Senior Officer Daniel Bruce Moore sold 150,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of C$3.88, for a total transaction of C$582,000.00. Insiders have sold a total of 162,558 shares of company stock valued at $628,717 in the last 90 days. 0.70% of the stock is owned by company insiders.

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.