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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) declared a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.02 per share on Thursday, March 20th. This represents a $0.08 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, March 7th.

B2Gold Stock Performance

BTO stock traded up C$0.06 during trading on Wednesday, reaching C$3.94. 2,681,420 shares of the stock were exchanged, compared to its average volume of 3,353,066. The stock has a 50 day simple moving average of C$3.64 and a 200-day simple moving average of C$3.91. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The company has a market capitalization of C$3.64 billion, a P/E ratio of -4.54, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a twelve month low of C$3.16 and a twelve month high of C$4.84.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and lifted their price target for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. BMO Capital Markets lowered their price target on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$6.01.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of C$3.51 per share, with a total value of C$35,637.03. Also, Director Gregory Barnes purchased 50,000 shares of B2Gold stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Insiders have bought 60,190 shares of company stock valued at $239,275 over the last 90 days. 0.66% of the stock is owned by company insiders.

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.