B2Gold Corp. (BTO) to Issue Quarterly Dividend of $0.06 on June 24th

B2Gold Corp. (TSE:BTO) (NYSE:BTG) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Tuesday, June 11th will be paid a dividend of 0.055 per share on Monday, June 24th. This represents a $0.22 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Tuesday, June 11th. This is a boost from B2Gold’s previous quarterly dividend of $0.05.

B2Gold Stock Up 4.7 %

Shares of BTO traded up C$0.17 on Thursday, reaching C$3.76. The stock had a trading volume of 3,586,145 shares, compared to its average volume of 3,664,096. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$5.74. The firm has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 375.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. The company has a 50-day simple moving average of C$3.58 and a 200-day simple moving average of C$3.88.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The firm had revenue of C$697.07 million during the quarter. B2Gold had a return on equity of 1.18% and a net margin of 0.52%. Sell-side analysts predict that B2Gold will post 0.3116987 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BTO. National Bankshares cut their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Canaccord Genuity Group lifted their price objective on B2Gold from C$7.25 to C$7.50 in a research note on Tuesday, April 23rd. Eight Capital cut their target price on B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Scotiabank lowered their price target on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research report on Monday, March 18th. Finally, CIBC cut their price objective on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$6.10.

Insider Activity

In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of B2Gold stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Senior Officer Eduard Bartz sold 12,510 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. Insiders sold 205,857 shares of company stock valued at $789,779 over the last three months. Insiders own 0.83% of the company’s stock.

B2Gold Company Profile

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.