B2Gold Corp. (BTG) To Go Ex-Dividend on September 10th

B2Gold Corp. (NYSE:BTG) declared a quarterly dividend on Thursday, August 8th, NASDAQ reports. Shareholders of record on Tuesday, September 10th will be given a dividend of 0.04 per share on Monday, September 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Tuesday, September 10th.

B2Gold has increased its dividend payment by an average of 13.3% annually over the last three years. B2Gold has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect B2Gold to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 33.3%.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.65 on Friday. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.46. The company has a market cap of $3.46 billion, a PE ratio of -88.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $2.82.

B2Gold (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. As a group, research analysts forecast that B2Gold will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BTG. Cibc World Mkts upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, CIBC boosted their price target on shares of B2Gold from $3.40 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and an average price target of $3.75.

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.