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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, December 2nd will be given 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 Price Performance

TSE:BTO opened at C$4.24 on Friday. The company has a 50-day moving average of C$4.28 and a 200-day moving average of C$3.94. The company has a market capitalization of C$5.55 billion, a price-to-earnings ratio of -24.94, a PEG ratio of -0.27 and a beta of 1.23. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.84. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS 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%. As a group, equities research analysts anticipate that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

Insider Transactions at B2Gold

In other B2Gold news, Director Clive Thomas Johnson purchased 70,000 shares of the stock in a transaction dated Friday, October 4th. The stock was bought at an average price of C$4.29 per share, for a total transaction of C$300,300.00. In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. Also, Director Clive Thomas Johnson purchased 70,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was bought at an average cost of C$4.29 per share, for a total transaction of C$300,300.00. Insiders sold a total of 87,449 shares of company stock worth $384,111 in the last quarter. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BTO has been the subject of a number of analyst reports. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Canaccord Genuity Group cut their price target on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. CIBC set a C$3.30 price target on shares of B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, Cormark lifted their price target on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$5.92.

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.