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

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.44 and traded as high as C$5.59. B2Gold shares last traded at C$5.48, with a volume of 13,029,884 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on BTO shares. Bank of America upped their price objective on shares of B2Gold from C$5.35 to C$6.25 in a research note on Thursday, October 16th. Stifel Nicolaus increased their price target on B2Gold from C$7.50 to C$11.50 in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$7.63.

B2Gold Price Performance

The stock’s 50-day moving average price is C$6.63 and its 200-day moving average price is C$5.44. The company has a market capitalization of C$7.29 billion, a price-to-earnings ratio of -15.66, a price-to-earnings-growth ratio of -0.27 and a beta of 0.96. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.5%. B2Gold’s dividend payout ratio is currently -34.29%.

Insider Transactions at B2Gold

In related news, insider John Alex Rajala sold 142,857 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of C$7.50, for a total value of C$1,071,427.50. Following the transaction, the insider owned 238,342 shares in the company, valued at C$1,787,565. This trade represents a 37.48% decrease in their ownership of the stock. Also, insider Peter Dominic Montano sold 147,000 shares of B2Gold stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of C$7.49, for a total value of C$1,101,030.00. Following the completion of the sale, the insider owned -1,405 shares of the company’s stock, valued at approximately C($10,523.45). The trade was a 100.97% decrease in their ownership of the stock. In the last three months, insiders sold 1,305,095 shares of company stock worth $9,529,870. Corporate insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.