B2Gold Corp. (TSE:BTO) Announces Quarterly Dividend of $0.06

B2Gold Corp. (TSE:BTO) (NYSE:BTG) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Tuesday, June 11th will be given 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 positive change from B2Gold’s previous quarterly dividend of $0.05.

B2Gold Price Performance

BTO stock traded up C$0.17 during trading on Thursday, hitting C$3.76. The company had a trading volume of 3,586,145 shares, compared to its average volume of 3,664,096. The firm has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 375.00, a P/E/G ratio of -0.27 and a beta of 1.13. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The business has a 50 day moving average of C$3.58 and a 200 day moving average of C$3.88. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$5.74.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The firm had revenue of C$697.07 million for the quarter. As a group, research analysts predict that B2Gold will post 0.3116987 earnings per share for the current year.

Insider Buying and Selling

In other B2Gold news, Director Clive Thomas Johnson sold 91,552 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. In other news, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. Also, Director Clive Thomas Johnson sold 91,552 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. In the last three months, insiders sold 205,857 shares of company stock valued at $789,779. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BTO. Scotiabank dropped their price target on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a report on Monday, March 18th. CIBC lowered their price target on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. National Bankshares decreased their price objective on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Stifel Nicolaus dropped their target price on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Finally, Canaccord Genuity Group boosted their price objective on shares of B2Gold from C$7.25 to C$7.50 in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$6.10.

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.