B2Gold Corp. (NYSE:BTG) Plans Quarterly Dividend of $0.04

B2Gold Corp. (NYSE:BTG) declared a quarterly dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Tuesday, September 10th will be given a dividend of 0.04 per share on Monday, September 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date is Tuesday, September 10th.

B2Gold has raised its dividend by an average of 13.3% per year over the last three years. B2Gold has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect B2Gold to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 33.3%.

B2Gold Stock Performance

Shares of BTG opened at $2.65 on Friday. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.46 billion, a P/E ratio of -88.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The company has a fifty day simple moving average of $2.82. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.46.

B2Gold (NYSE:BTG) last announced its earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $492.57 million during the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. As a group, research analysts predict that B2Gold will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BTG shares. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Jefferies Financial Group raised their price target on B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Cibc World Mkts raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

B2Gold Company Profile

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.