B2Gold (NYSEAMERICAN:BTG) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) posted its earnings results on Tuesday. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01, Zacks reports. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The business had revenue of $461.40 million during the quarter, compared to the consensus estimate of $453.81 million. During the same quarter last year, the company earned $0.08 EPS. B2Gold’s revenue was down 2.6% on a year-over-year basis.

B2Gold Stock Up 3.5 %

NYSEAMERICAN:BTG traded up $0.09 during trading hours on Wednesday, hitting $2.63. 7,109,512 shares of the stock were exchanged, compared to its average volume of 11,809,156. The firm has a market capitalization of $3.43 billion, a P/E ratio of 128.06, a P/E/G ratio of 1.50 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16. The company’s 50 day moving average is $2.85. B2Gold has a twelve month low of $2.34 and a twelve month high of $4.29.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 6.08%. B2Gold’s dividend payout ratio (DPR) is currently 400.20%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group started coverage on B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 price objective for the company. CIBC downgraded shares of B2Gold from an “outperform” rating to a “neutral” rating and cut their price target for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Finally, Royal Bank of Canada decreased their price objective on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.10.

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.