B2Gold (NYSEAMERICAN:BTG) Issues Earnings Results, Beats Estimates By $0.01 EPS

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

B2Gold Price Performance

NYSEAMERICAN BTG opened at $2.62 on Thursday. The firm has a 50-day moving average of $2.85. The firm has a market capitalization of $3.41 billion, a PE ratio of 131.07, a P/E/G ratio of 1.50 and a beta of 1.10. B2Gold has a 12 month low of $2.34 and a 12 month high of $4.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is presently 400.20%.

Analyst Ratings Changes

Several research analysts recently weighed in on BTG shares. CIBC cut B2Gold from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Jefferies Financial Group initiated coverage on B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the 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.