B2Gold Corp. Plans Quarterly Dividend of $0.02 (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.02 per share on Thursday, March 20th. This represents a $0.08 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Friday, March 7th.

B2Gold has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect B2Gold to earn $0.40 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 40.0%.

B2Gold Stock Up 5.6 %

BTG stock opened at $2.81 on Friday. The company’s 50 day simple moving average is $2.50 and its 200-day simple moving average is $2.81. B2Gold has a 52-week low of $2.20 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a market capitalization of $3.70 billion, a P/E ratio of 17.73, a P/E/G ratio of 0.31 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BTG shares. CIBC decreased their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.02.

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.