B2Gold (TSE:BTO) Issues Earnings Results

B2Gold (TSE:BTO) (NYSE:BTG) released its quarterly earnings data on Wednesday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. The company had revenue of C$1.19 billion for the quarter.

B2Gold Stock Up 8.8%

Shares of BTO opened at C$7.15 on Thursday. The company has a market capitalization of C$9.45 billion, a P/E ratio of 12.77, a PEG ratio of -0.27 and a beta of 1.86. The company has a debt-to-equity ratio of 11.48, a current ratio of 1.58 and a quick ratio of 3.33. B2Gold has a one year low of C$5.02 and a one year high of C$8.60. The business’s 50 day simple moving average is C$7.36 and its 200-day simple moving average is C$6.71.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 10th. B2Gold’s payout ratio is presently 14.29%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. TD raised B2Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from C$6.00 to C$8.50 in a research note on Monday, August 10th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Finally, Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$9.95.

Insider Buying and Selling

In other B2Gold news, insider William Lytle sold 177,190 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the transaction, the insider owned 41,285 shares of the company’s stock, valued at approximately C$295,600.60. The trade was a 81.10% decrease in their ownership of the stock. Also, Director Jerry Korpan sold 200,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the sale, the director owned 2,280,000 shares in the company, valued at C$16,096,800. The trade was a 8.06% decrease in their position. 0.66% of the stock is owned by corporate insiders.

B2Gold Company Profile

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.