B2Gold Corp. (TSE:BTO – Get Free Report) (NYSE:BTG)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$6.46 and traded as high as C$7.66. B2Gold shares last traded at C$7.54, with a volume of 3,147,045 shares trading hands.
Analyst Ratings Changes
BTO has been the subject of a number of recent analyst reports. National Bank Financial lowered their target price on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$6.50 to C$11.00 in a research report on Monday, August 10th. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. TD raised shares of B2Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$6.00 to C$8.50 in a report on Monday, August 10th. Finally, Scotia raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target on the stock in a report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, B2Gold currently has an average rating of “Buy” and a consensus target price of C$9.33.
View Our Latest Stock Report on BTO
B2Gold Price Performance
B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$1.12 billion for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. As a group, equities research analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current year.
B2Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.02 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. B2Gold’s dividend payout ratio is currently 14.29%.
Insiders Place Their Bets
In related news, insider Ninette Krohnert sold 4,700 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$27,636.00. Following the transaction, the insider directly owned 62,557 shares of the company’s stock, valued at approximately C$367,835.16. This trade represents a 6.99% decrease in their position. Also, insider Randall Chatwin sold 22,000 shares of B2Gold stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of C$5.70, for a total value of C$125,400.00. Following the completion of the sale, the insider owned 119,989 shares in the company, valued at approximately C$683,937.30. The trade was a 15.49% decrease in their ownership of the stock. Over the last quarter, insiders have sold 475,331 shares of company stock valued at $3,253,758. 0.66% of the stock is owned by company insiders.
B2Gold Company Profile
B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.
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