B2Gold (TSE:BTO) Posts Earnings Results

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

B2Gold Trading Up 22.5%

Shares of TSE BTO opened at C$7.03 on Friday. The firm’s 50 day moving average price is C$5.68 and its 200-day moving average price is C$6.43. B2Gold has a 52-week low of C$4.75 and a 52-week high of C$8.60. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The company has a market cap of C$9.37 billion, a PE ratio of 18.50, a P/E/G ratio of -0.27 and a beta of 1.74.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold’s payout ratio is 21.05%.

Wall Street Analyst Weigh In

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

Insider Activity at B2Gold

In related news, insider William Lytle 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 transaction, the insider directly owned 218,475 shares of the company’s stock, valued at approximately C$1,284,633. This represents a 6.06% decrease in their position. Also, Director Michael Andrew Cinnamond sold 14,089 shares of the stock in a transaction 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 sale, the director directly owned 315,371 shares in the company, valued at C$1,854,381.48. This trade represents a 4.28% decrease in their ownership of the stock. Insiders have sold 227,252 shares of company stock valued at $1,401,375 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

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.