B2Gold (BTO) Scheduled to Post Quarterly Earnings on Tuesday

B2Gold (TSE:BTO) (NYSE:BTG) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect B2Gold to post earnings of C$0.05 per share for the quarter.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The firm had revenue of C$697.07 million for the quarter.

B2Gold Price Performance

Shares of TSE BTO opened at C$3.60 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. The company has a market capitalization of C$4.68 billion, a price-to-earnings ratio of 360.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$5.74. The business has a 50 day simple moving average of C$3.55 and a 200-day simple moving average of C$3.93.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.054 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.22 annualized dividend and a yield of 6.00%. B2Gold’s payout ratio is 2,200.00%.

Analyst Upgrades and Downgrades

BTO has been the topic of several research reports. Canaccord Genuity Group increased their price objective on shares of B2Gold from C$7.25 to C$7.50 in a research note on Tuesday, April 23rd. BMO Capital Markets reduced their price objective on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. National Bankshares dropped their target price on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. CIBC reduced their price target on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Stifel Nicolaus cut their price objective on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, B2Gold has a consensus rating of “Buy” and an average price target of C$6.10.

Insider Activity at B2Gold

In other news, Senior Officer Neil Reeder sold 15,279 shares of B2Gold stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$57,296.25. In other news, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$57,296.25. Also, Director Clive Thomas Johnson sold 86,475 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$339,846.75. Insiders have sold 205,857 shares of company stock worth $789,779 over the last quarter. 0.83% of the stock is currently owned by company insiders.

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.