B2Gold Corp. (NYSE:BTG) to Issue Quarterly Dividend of $0.04

B2Gold Corp. (NYSE:BTG) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.04 per share on Thursday, December 12th. This represents a $0.16 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Monday, December 2nd.

B2Gold has increased its dividend by an average of 13.3% per year over the last three years. B2Gold has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect B2Gold to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 34.8%.

B2Gold Price Performance

NYSE:BTG opened at $3.06 on Friday. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $3.16. The stock has a market capitalization of $4.01 billion, a P/E ratio of -5.46, a P/E/G ratio of 2.68 and a beta of 1.13.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, analysts anticipate that B2Gold will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Finally, Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.12.

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.