B2Gold (TSE:BTO) Releases Earnings Results

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

B2Gold Stock Performance

B2Gold stock traded up C$0.58 during mid-day trading on Wednesday, hitting C$7.15. 4,812,762 shares of the company’s stock traded hands, compared to its average volume of 5,578,760. The firm has a 50 day moving average price of C$7.36 and a 200 day moving average price of C$6.71. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The company has a market cap of C$9.45 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of -0.27 and a beta of 1.86. B2Gold has a one year low of C$5.02 and a one year high of C$8.60.

B2Gold Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on BTO. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective for the company in a research note on Monday, August 10th. National Bank Financial dropped their target price on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, TD upgraded shares of B2Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from C$6.00 to C$8.50 in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$9.95.

Insider Buying and Selling at B2Gold

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

About B2Gold

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.