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

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.20 and traded as high as C$6.76. B2Gold shares last traded at C$6.48, with a volume of 6,736,078 shares changing hands.

Wall Street Analysts Forecast Growth

BTO has been the subject of several recent research reports. Bank of America lifted their price target on B2Gold from C$5.35 to C$6.25 in a research report on Thursday, October 16th. Stifel Nicolaus reduced their target price on B2Gold from C$11.50 to C$10.50 in a report on Tuesday, November 11th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, National Bankshares raised their price objective on shares of B2Gold from C$9.25 to C$10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, B2Gold currently has an average rating of “Buy” and a consensus price target of C$7.90.

B2Gold Stock Up 6.5%

The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The stock has a market cap of C$9.22 billion, a P/E ratio of 46.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.02. The stock’s fifty day moving average price is C$6.54 and its 200 day moving average price is C$6.21.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%.The business had revenue of C$1.09 billion for the quarter. As a group, research analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently 66.67%.

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. There is no dependence on a particular purchaser because the gold is sold into a global market.