B2Gold Corp. (TSE:BTO) Announces $0.06 Quarterly Dividend

B2Gold Corp. (TSE:BTO) (NYSE:BTG) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Tuesday, September 10th will be given a dividend of 0.055 per share on Monday, September 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Tuesday, September 10th.

B2Gold Stock Performance

Shares of TSE:BTO traded down C$0.44 during trading hours on Friday, hitting C$3.37. The stock had a trading volume of 11,044,734 shares, compared to its average volume of 3,315,815. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.33 and a current ratio of 2.99. The stock’s fifty day simple moving average is C$3.83 and its 200 day simple moving average is C$3.69. The firm has a market capitalization of C$4.38 billion, a price-to-earnings ratio of -56.17, a PEG ratio of -0.27 and a beta of 1.21. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.74.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Tuesday, May 7th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.01. B2Gold had a negative return on equity of 0.33% and a negative net margin of 1.88%. The firm had revenue of C$622.09 million for the quarter. Sell-side analysts anticipate that B2Gold will post 0.4066169 earnings per share for the current fiscal year.

Insider Activity at B2Gold

In other B2Gold news, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. In related news, Senior Officer Randall Chatwin sold 12,520 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Also, Senior Officer Daniel Bruce Moore sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. In the last 90 days, insiders sold 162,558 shares of company stock worth $628,717. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BTO shares. Stifel Nicolaus lowered their target price on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Eight Capital dropped their target price on B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Cormark lifted their price target on B2Gold from C$5.00 to C$5.50 in a research report on Thursday, June 20th. Canaccord Genuity Group boosted their price target on shares of B2Gold from C$7.00 to C$7.25 in a research report on Tuesday, July 23rd. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.97.

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.