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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares 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 changing hands.

Wall Street Analysts Forecast Growth

BTO has been the subject of several research reports. CIBC set a C$3.30 price objective on shares of B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Canaccord Genuity Group dropped their price objective 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. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Finally, Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$5.94.

B2Gold Price Performance

The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The company has a market capitalization of C$5.00 billion, a PE ratio of -23.88, a price-to-earnings-growth 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$3.68.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 10th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold’s dividend payout ratio (DPR) is currently -137.50%.

Insider Buying and Selling

In related news, Senior Officer Daniel Bruce Moore sold 150,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total value of C$582,000.00. In other news, Senior Officer Randall Chatwin sold 12,520 shares of the firm’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 firm’s stock in a transaction that occurred 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 162,558 shares of company stock valued at $628,717 in the last ninety days. 0.70% 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.