B2Gold (TSE:BTO) Announces Quarterly Earnings Results

B2Gold (TSE:BTO) (NYSE:BTG) posted its quarterly earnings results on Wednesday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.19 billion for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%.

B2Gold Trading Up 3.5%

BTO opened at C$7.40 on Friday. The firm has a market cap of C$9.78 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of -0.27 and a beta of 2.13. B2Gold has a 52 week low of C$5.02 and a 52 week high of C$8.60. The business’s 50 day moving average is C$7.34 and its two-hundred day moving average is C$6.72. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 23rd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, September 10th. B2Gold’s dividend payout ratio (DPR) is currently 14.29%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BTO. Scotia raised B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective for the company in a research report on Monday, August 10th. TD Securities raised B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. National Bank Financial lowered their price target on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Finally, TD raised shares of B2Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$6.00 to C$8.50 in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$9.95.

Insider Buying and Selling

In other news, Director Jerry Korpan sold 200,000 shares of B2Gold stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the transaction, the director directly owned 2,280,000 shares of the company’s stock, valued at C$16,096,800. The trade was a 8.06% decrease in their position. Also, insider William Lytle sold 177,190 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$7.16, for a total transaction of C$1,268,680.40. Following the completion of the sale, the insider owned 41,285 shares of the company’s stock, valued at approximately C$295,600.60. This trade represents a 81.10% decrease in their position. 0.66% of the stock is currently owned by insiders.

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.