B2Gold Corp. (BTG) to Issue Quarterly Dividend of $0.04 on September 30th

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) declared a quarterly dividend on Monday, September 13th, Wall Street Journal reports. Stockholders of record on Wednesday, September 22nd will be paid a dividend of 0.04 per share by the basic materials company on Thursday, September 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, September 21st.

Shares of NYSEAMERICAN BTG opened at $3.83 on Wednesday. The company has a market cap of $4.04 billion, a PE ratio of 6.84, a PEG ratio of 1.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 4.29. B2Gold has a 1-year low of $3.64 and a 1-year high of $7.14.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Tuesday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). The company had revenue of $362.99 million for the quarter, compared to analyst estimates of $362.93 million. B2Gold had a return on equity of 17.16% and a net margin of 34.95%. Equities research analysts predict that B2Gold will post 0.44 earnings per share for the current year.

An institutional investor recently raised its position in B2Gold stock. Morgan Stanley lifted its position in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,003,288 shares of the basic materials company’s stock after acquiring an additional 34,992 shares during the quarter. Morgan Stanley owned approximately 0.47% of B2Gold worth $21,064,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 53.33% of the company’s stock.

BTG has been the topic of a number of analyst reports. National Bankshares reduced their price target on B2Gold from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, September 10th. Royal Bank of Canada set a $5.75 price target on B2Gold and gave the stock a “sector perform” rating in a research report on Thursday, August 5th. National Bank Financial reduced their target price on B2Gold from C$9.25 to C$9.00 and set an “outperform” rating on the stock in a report on Friday, August 6th. Raymond James set a $7.00 target price on B2Gold and gave the company an “outperform” rating in a report on Thursday, August 5th. Finally, Stifel Nicolaus reduced their target price on B2Gold from C$10.00 to C$9.50 and set a “buy” rating on the stock in a report on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $8.20.

B2Gold Company Profile

B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.

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Dividend History for B2Gold (NYSEAMERICAN:BTG)

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