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

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

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

NYSE BTG traded down $0.12 during trading hours on Thursday, hitting $3.06. 21,981,450 shares of the company’s stock traded hands, compared to its average volume of 12,579,043. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $3.16. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.50. The company has a market cap of $4.01 billion, a P/E ratio of -27.77, a PEG ratio of 2.68 and a beta of 1.13.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The company had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. During the same period in the prior year, the business posted $0.05 EPS. B2Gold’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities research analysts predict that B2Gold will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BTG shares. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Jefferies Financial Group upped their price objective on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.