B2Gold Corp. Plans Quarterly Dividend of $0.02 (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) announced a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.02 per share on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 10th.

B2Gold Stock Performance

Shares of BTO stock opened at C$7.76 on Tuesday. The firm’s 50 day moving average is C$6.34 and its 200 day moving average is C$6.48. The stock has a market capitalization of C$10.25 billion, a P/E ratio of 13.86, a PEG ratio of -0.27 and a beta of 1.94. B2Gold has a 12 month low of C$5.02 and a 12 month high of C$8.60. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The business had revenue of C$1.12 billion during the quarter. On average, sell-side analysts anticipate that B2Gold will post 0.5596659 earnings per share for the current year.

Wall Street Analyst Weigh In

BTO has been the subject of a number of analyst reports. Scotia raised B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target for the company in a report on Monday, August 10th. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, TD raised shares of B2Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from C$6.00 to C$8.50 in a report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, B2Gold presently has an average rating of “Buy” and an average target price of C$9.33.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.