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

B2Gold Corp. (NYSE:BTG) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders 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 yield of 5.24%. The ex-dividend date is Monday, December 2nd.

B2Gold has raised its dividend payment by an average of 13.3% annually over the last three years. B2Gold has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of B2Gold stock traded down $0.12 on Thursday, reaching $3.06. 21,981,450 shares of the company were exchanged, compared to its average volume of 12,579,043. The stock’s 50 day moving average is $3.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.93. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The company has a market capitalization of $4.01 billion, a P/E ratio of -27.77, a P/E/G ratio of 2.68 and a beta of 1.13.

B2Gold (NYSE:BTG) last issued its quarterly earnings results 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). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. On average, research analysts predict that B2Gold will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BTG has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, B2Gold has a consensus rating of “Hold” and an average target price of $4.12.

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.