B2Gold (NYSEAMERICAN:BTG) Issues Earnings Results

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) issued its quarterly earnings results on Tuesday. The basic materials company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01, Zacks reports. The business had revenue of $461.40 million for 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 company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share.

B2Gold Price Performance

NYSEAMERICAN BTG opened at $2.53 on Wednesday. The stock has a market cap of $3.30 billion, a PE ratio of 128.06, a PEG ratio of 1.50 and a beta of 1.10. B2Gold has a 1-year low of $2.34 and a 1-year high of $4.29. The company’s 50 day moving average price is $2.85. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s payout ratio is presently 400.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on B2Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $3.50 target price on the stock. Three 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, B2Gold 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.