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

B2Gold Corp. (NYSE:BTG) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.04 per share on Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend is Monday, December 2nd.

B2Gold has increased its dividend by an average of 13.3% annually over the last three years. B2Gold has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Analysts expect B2Gold to earn $0.44 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 36.4%.

B2Gold Stock Down 0.2 %

Shares of NYSE:BTG opened at $2.89 on Friday. The business has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $2.91. The firm has a market capitalization of $3.79 billion, a PE ratio of -5.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50.

B2Gold (NYSE:BTG) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. B2Gold’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. On average, equities analysts predict that B2Gold will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on BTG shares. Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group increased their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, B2Gold presently has a consensus 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.