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

B2Gold Corp. (NYSE:BTG) announced a quarterly dividend on Thursday, August 8th, NASDAQ reports. Investors of record on Tuesday, September 10th will be given a dividend of 0.04 per share on Monday, September 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Tuesday, September 10th.

B2Gold has increased its dividend by an average of 13.3% per year over the last three years. B2Gold has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect B2Gold to earn $0.48 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 33.3%.

B2Gold Stock Down 1.5 %

B2Gold stock opened at $2.65 on Friday. The firm has a 50-day simple moving average of $2.82. The company has a market capitalization of $3.46 billion, a PE ratio of -88.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.46.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The company had revenue of $492.57 million during the quarter. As a group, sell-side analysts anticipate that B2Gold will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of analyst reports. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. CIBC lifted their price objective on B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group boosted their target price on B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3.75.

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.