B2Gold (BTO) to Release Earnings on Tuesday

B2Gold (TSE:BTO) (NYSE:BTG) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect B2Gold to post earnings of C$0.05 per share for the quarter.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The firm had revenue of C$697.07 million for the quarter. B2Gold had a net margin of 0.52% and a return on equity of 1.18%.

B2Gold Stock Performance

Shares of B2Gold stock opened at C$3.40 on Monday. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The stock’s fifty day moving average price is C$3.56 and its 200-day moving average price is C$3.90. The firm has a market cap of C$4.42 billion, a P/E ratio of 340.00, a P/E/G ratio of -0.27 and a beta of 1.13. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$5.74.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were issued a $0.054 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 annualized dividend and a dividend yield of 6.35%. B2Gold’s dividend payout ratio is currently 2,200.00%.

Insider Activity

In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. In other news, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. Insiders have sold a total of 205,857 shares of company stock worth $789,779 over the last 90 days. 0.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on BTO. National Bankshares cut their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. BMO Capital Markets reduced their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Eight Capital dropped their price objective on B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Stifel Nicolaus cut their target price on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Finally, CIBC decreased their price target on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$6.10.

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.