B2Gold (TSE:BTO) Releases Earnings Results

B2Gold (TSE:BTO) (NYSE:BTG) posted its quarterly earnings results on Wednesday. The company reported C$0.15 earnings per share for the quarter, FiscalAI reports. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. The firm had revenue of C$1.41 billion during the quarter.

B2Gold Stock Performance

BTO stock opened at C$7.00 on Friday. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. B2Gold has a 12-month low of C$3.62 and a 12-month high of C$8.35. The stock has a market capitalization of C$9.35 billion, a PE ratio of 46.67, a price-to-earnings-growth ratio of -0.27 and a beta of 1.02. The stock’s 50 day simple moving average is C$6.71 and its 200 day simple moving average is C$6.37.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th 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 Tuesday, December 2nd. B2Gold’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. National Bank Financial lifted their price target on B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus decreased their price target on B2Gold from C$11.50 to C$10.50 in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$7.90.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.