B2Gold (NYSEAMERICAN:BTG) Posts Earnings Results, Beats Expectations By $0.01 EPS

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) announced its earnings results on Tuesday. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01, Zacks reports. The business had revenue of $461.40 million during the quarter, compared to the consensus estimate of $453.81 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share.

B2Gold Price Performance

BTG stock traded up $0.09 during midday trading on Wednesday, reaching $2.63. 7,109,512 shares of the company’s stock traded hands, compared to its average volume of 11,809,156. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $4.29. The stock’s 50-day simple moving average is $2.85. The company has a market cap of $3.43 billion, a P/E ratio of 128.06, a P/E/G ratio of 1.50 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is presently 400.20%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of B2Gold in a research report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price objective for the company. Royal Bank of Canada reduced their price target on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Finally, CIBC cut B2Gold from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.10.

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.