B2Gold Corp. Announces Quarterly Dividend of $0.05 (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.054 per share on Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Monday, December 2nd.

B2Gold Stock Performance

TSE BTO opened at C$4.24 on Friday. The stock has a market cap of C$5.55 billion, a PE ratio of -24.94, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$4.84. The stock has a fifty day simple moving average of C$4.28 and a 200-day simple moving average of C$3.94.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$673.95 million for the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. Equities analysts anticipate that B2Gold will post 0.5596659 earnings per share for the current year.

Insider Activity at B2Gold

In other news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. In other news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. Also, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. Insiders sold 87,449 shares of company stock worth $384,111 in the last three months. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Stifel Nicolaus increased their price target on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Scotiabank cut B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Finally, Cormark raised their target price on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$5.92.

About B2Gold

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.