B2Gold (TSE:BTO) Announces Quarterly Earnings Results

B2Gold (TSE:BTO) (NYSE:BTG) announced its earnings results on Thursday. The company reported C$0.04 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.12 billion during the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.

B2Gold Price Performance

BTO traded down C$0.01 on Thursday, reaching C$5.74. 4,092,426 shares of the company’s stock were exchanged, compared to its average volume of 6,089,910. B2Gold has a twelve month low of C$4.75 and a twelve month high of C$8.60. The stock has a market cap of C$7.65 billion, a PE ratio of 15.11, a P/E/G ratio of -0.27 and a beta of 1.74. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33. The stock’s fifty day moving average price is C$5.69 and its 200-day moving average price is C$6.43.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. B2Gold’s payout ratio is presently 21.05%.

Insider Buying and Selling

In other news, Director Michael Andrew Cinnamond sold 14,089 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$82,843.32. Following the completion of the sale, the director directly owned 315,371 shares in the company, valued at C$1,854,381.48. This represents a 4.28% decrease in their ownership of the stock. Also, insider William Lytle sold 14,089 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the completion of the sale, the insider owned 218,475 shares of the company’s stock, valued at C$1,284,633. This trade represents a 6.06% decrease in their ownership of the stock. Insiders have sold 250,238 shares of company stock worth $1,564,825 in the last 90 days. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial lowered their price target on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$8.83.

About B2Gold

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.