B2Gold (TSE:BTO) Releases Quarterly Earnings Results

B2Gold (TSE:BTO) (NYSE:BTG) issued its 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 during the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%.

B2Gold Stock Down 0.2%

BTO stock opened at C$5.74 on Friday. The company has a current ratio of 1.19, a quick ratio of 3.33 and a debt-to-equity ratio of 14.16. B2Gold has a twelve month low of C$4.75 and a twelve month high of C$8.60. The company’s 50 day moving average is C$5.67 and its two-hundred day moving average is C$6.43. The stock has a market cap of C$7.65 billion, a P/E ratio of 15.11, a PEG ratio of -0.27 and a beta of 1.74.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, June 10th. B2Gold’s dividend payout ratio is currently 21.05%.

Analyst Ratings Changes

Separately, National Bank Financial cut 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$8.83.

Insider Buying and Selling at B2Gold

In other news, Director Michael Andrew Cinnamond sold 14,089 shares of the company’s 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 completion of the transaction, the director owned 315,371 shares in the company, valued at approximately C$1,854,381.48. This represents a 4.28% decrease in their position. Also, insider William Lytle 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 transaction of C$82,843.32. Following the completion of the transaction, the insider directly owned 218,475 shares in the company, valued at C$1,284,633. This trade represents a 6.06% decrease in their ownership of the stock. In the last ninety days, insiders have sold 227,252 shares of company stock worth $1,401,375. 0.66% of the stock is 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.