B2Gold Corp. to Issue Quarterly Dividend of $0.05 (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) announced a quarterly dividend on Monday, December 2nd,Zacks Dividends reports. Shareholders of record on Thursday, December 12th will be paid a dividend of 0.054 per share on Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Monday, December 2nd.

B2Gold Trading Up 1.0 %

TSE:BTO opened at C$4.08 on Friday. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is C$4.29 and its 200-day moving average is C$3.99. The firm has a market cap of C$5.34 billion, a price-to-earnings ratio of -24.00, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84.

Analyst Ratings Changes

BTO has been the subject of a number of recent analyst reports. CIBC set a C$3.30 price target on shares of B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Canaccord Genuity Group decreased their target price on B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. BMO Capital Markets reduced their price objective on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Finally, Cormark boosted their target price on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.66.

Insider Buying and Selling

In other B2Gold news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Director Clive Thomas Johnson acquired 70,000 shares of the stock in a transaction dated Friday, October 4th. The stock was bought at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Insiders sold a total of 97,755 shares of company stock valued at $423,329 over the last ninety 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.