B2Gold Corp. Plans Quarterly Dividend of $0.02 (TSE:BTO)

Key Points

• B2Gold declared a quarterly dividend of C$0.02 per share, with shareholders of record on September 23 receiving payment the same day. The dividend yield is approximately 1.0%.
• B2Gold reported quarterly revenue of C$1.12 billion and earnings of C$0.04 per share, alongside a 21.20% net margin and 21.87% return on equity.
• Analyst sentiment is broadly positive: the stock carries an average “Buy” rating and a consensus price target of C$9.33, while shares recently opened at C$7.76.

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.02 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 10th.

B2Gold Price Performance

Shares of TSE BTO opened at C$7.76 on Tuesday. The company has a market capitalization of C$10.25 billion, a PE ratio of 13.86, a PEG ratio of -0.27 and a beta of 1.94. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The stock's 50 day moving average price is C$6.34 and its 200-day moving average price is C$6.48. B2Gold has a twelve month low of C$5.02 and a twelve month high of C$8.60.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$1.12 billion during the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. On average, equities analysts anticipate that B2Gold will post 0.5596659 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on BTO shares. Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. ATB Cormark Capital Markets raised shares of B2Gold from a "hold" rating to a "moderate buy" rating and boosted their price target for the stock from C$6.50 to C$11.00 in a report on Monday, August 10th. TD Securities upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. National Bank Financial decreased their price objective on shares of B2Gold from C$10.70 to C$9.75 and set an "outperform" rating for the company in a report on Tuesday, July 14th. Finally, TD raised shares of B2Gold from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$6.00 to C$8.50 in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$9.33.

About B2Gold

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.

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