B2Gold (TSE:BTO) Posts Earnings Results

B2Gold (TSE:BTO) (NYSE:BTG) released its quarterly earnings results on Wednesday. The company reported C$0.26 earnings per share for the quarter, FiscalAI reports. B2Gold had a return on equity of 12.15% and a net margin of 13.18%.The company had revenue of C$1.61 billion for the quarter.

B2Gold Trading Up 5.7%

TSE BTO opened at C$6.09 on Thursday. B2Gold has a twelve month low of C$4.00 and a twelve month high of C$8.60. The company has a debt-to-equity ratio of 17.54, a quick ratio of 3.33 and a current ratio of 1.06. The stock has a market cap of C$8.14 billion, a price-to-earnings ratio of 21.75, a PEG ratio of -0.27 and a beta of 1.59. The firm’s 50 day moving average price is C$6.69 and its two-hundred day moving average price is C$6.59.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. B2Gold’s payout ratio is presently 28.57%.

Insider Activity at B2Gold

In other news, insider Randall Chatwin sold 20,000 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the transaction, the insider directly owned 6,199 shares in the company, valued at C$44,942.75. The trade was a 76.34% decrease in their position. Also, insider William Lytle sold 272,373 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the transaction, the insider owned 38,975 shares in the company, valued at approximately C$324,272. This represents a 87.48% decrease in their ownership of the stock. Over the last quarter, insiders have sold 583,159 shares of company stock worth $4,821,759. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

Separately, National Bank Financial lowered their price objective on shares of B2Gold from C$10.25 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$8.92.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.