B2Gold (NYSEAMERICAN:BTG) Announces Quarterly Earnings Results

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) posted its earnings results on Wednesday. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05, Zacks reports. The business had revenue of $836.00 million for the quarter, compared to the consensus estimate of $822.76 million. B2Gold had a net margin of 31.33% and a return on equity of 16.66%.

B2Gold Trading Up 1.4%

NYSEAMERICAN BTG traded up $0.07 on Friday, hitting $5.34. The company’s stock had a trading volume of 14,000,449 shares, compared to its average volume of 29,403,859. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.04 billion, a P/E ratio of 6.52, a PEG ratio of 0.29 and a beta of 0.64. The company’s 50-day simple moving average is $5.23 and its 200 day simple moving average is $4.84. B2Gold has a 52-week low of $3.57 and a 52-week high of $6.28.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, December 2nd will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, December 2nd. B2Gold’s payout ratio is currently -266.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price target on B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. TD Securities raised B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Raymond James Financial upped their price objective on shares of B2Gold from $7.25 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price for the company in a research report on Monday, August 10th. Finally, Scotiabank upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.81.

About B2Gold

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company’s activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold’s principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.