B2Gold (TSE:BTO) Announces Earnings Results

B2Gold (TSE:BTOGet Rating) (NYSE:BTG) announced its quarterly earnings results on Wednesday. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02), reports. The business had revenue of C$487.55 million during the quarter.

B2Gold Trading Up 1.1 %

B2Gold stock opened at C$4.48 on Friday. The company has a 50 day moving average price of C$4.59 and a 200 day moving average price of C$5.09. B2Gold has a 52 week low of C$4.05 and a 52 week high of C$6.39. The company has a debt-to-equity ratio of 2.41, a quick ratio of 3.55 and a current ratio of 5.17. The firm has a market capitalization of C$4.73 billion and a price-to-earnings ratio of 8.96.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Monday, June 20th were given a $0.04 dividend. The ex-dividend date was Friday, June 17th. This represents a $0.16 annualized dividend and a yield of 3.57%. B2Gold’s dividend payout ratio (DPR) is 32.00%.

Analysts Set New Price Targets

A number of analysts have issued reports on BTO shares. Canaccord Genuity Group lifted their price target on B2Gold from C$8.00 to C$9.00 in a report on Friday, April 22nd. National Bankshares decreased their price target on B2Gold from C$8.00 to C$7.50 in a report on Friday. TD Securities reduced their target price on B2Gold from C$9.50 to C$9.00 in a report on Thursday, July 21st. Finally, Scotiabank boosted their target price on B2Gold from C$8.00 to C$8.25 in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$7.55.

Insider Buying and Selling at B2Gold

In related news, Senior Officer John Alex Rajala sold 5,551 shares of B2Gold stock in a transaction on Thursday, May 12th. The shares were sold at an average price of C$5.12, for a total value of C$28,421.12. Following the transaction, the insider now owns 129,542 shares in the company, valued at approximately C$663,255.04. In other B2Gold news, Senior Officer John Alex Rajala sold 5,551 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of C$5.12, for a total value of C$28,421.12. Following the transaction, the insider now directly owns 129,542 shares in the company, valued at C$663,255.04. Also, Director Clive Thomas Johnson sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of C$5.35, for a total transaction of C$267,500.00. Following the sale, the director now directly owns 3,823,815 shares of the company’s stock, valued at C$20,457,410.25. Insiders sold 105,551 shares of company stock valued at $556,921 in the last quarter.

About B2Gold

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B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

Further Reading

Earnings History for B2Gold (TSE:BTO)

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