B2Gold (NYSEAMERICAN:BTG) Issues Earnings Results, Beats Estimates By $0.01 EPS

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

B2Gold Stock Up 3.1 %

NYSEAMERICAN BTG traded up $0.08 during mid-day trading on Wednesday, hitting $2.62. The stock had a trading volume of 7,416,372 shares, compared to its average volume of 11,813,160. B2Gold has a 52-week low of $2.34 and a 52-week high of $4.29. The firm has a market cap of $3.41 billion, a P/E ratio of 128.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. The stock has a 50 day moving average price of $2.85. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 6.11%. The ex-dividend date was Wednesday, March 6th. B2Gold’s payout ratio is currently 400.20%.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a report on Thursday, March 28th. Jefferies Financial Group initiated coverage on B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price for the company. Finally, CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and reduced 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 issued a buy rating to the stock. According to MarketBeat.com, B2Gold presently has a consensus rating of “Hold” and an average 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.