B2Gold (TSE:BTO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of B2Gold Corp. (TSE:BTO) (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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BTO. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cormark raised B2Gold from a “market perform” rating to a “buy” rating and raised their price target for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. Finally, BMO Capital Markets cut their price objective on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$6.01.

B2Gold Trading Down 2.6 %

The stock’s 50-day moving average price is C$3.80 and its 200 day moving average price is C$3.96. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The firm has a market capitalization of C$4.13 billion, a PE ratio of -5.15, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a yield of 1.79%. B2Gold’s payout ratio is currently -25.32%.

Insider Buying and Selling at B2Gold

In other news, Senior Officer William Lytle sold 54,062 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. Also, Director Gregory Barnes acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of C$4.07 per share, for a total transaction of C$203,500.00. Insiders sold a total of 168,420 shares of company stock valued at $649,531 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

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.