B2Gold (BTO) to Release Quarterly Earnings on Wednesday

B2Gold (TSE:BTO) (NYSE:BTG) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect B2Gold to post earnings of C$0.07 per share for the quarter.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$673.95 million for the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%.

B2Gold Trading Down 0.9 %

TSE:BTO opened at C$4.56 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The business has a fifty day moving average price of C$4.25 and a 200-day moving average price of C$3.93. The firm has a market capitalization of C$5.97 billion, a price-to-earnings ratio of -26.82, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a one year low of C$3.18 and a one year high of C$4.84.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were paid a dividend of $0.055 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.82%. B2Gold’s dividend payout ratio (DPR) is presently -129.41%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BTO shares. Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. CIBC set a C$3.30 price target on B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Cormark upped their price objective on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. BMO Capital Markets decreased their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Canaccord Genuity Group dropped their price target 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. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$5.92.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. In other B2Gold news, Director Clive Thomas Johnson bought 70,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was acquired at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Also, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total value of C$45,300.00. Insiders have sold 87,449 shares of company stock valued at $384,111 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

About B2Gold

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.