B2Gold (BTO) Set to Announce Quarterly Earnings on Tuesday

B2Gold (TSE:BTO) (NYSE:BTG) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce 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 for the quarter, missing analysts’ consensus estimates 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 during the quarter.

B2Gold Trading Down 0.9 %

B2Gold stock opened at C$3.40 on Friday. The stock has a 50-day moving average price of C$3.56 and a 200 day moving average price of C$3.90. The company has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 340.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$5.74. The company has a quick ratio of 3.33, a current ratio of 2.27 and a debt-to-equity ratio of 4.91.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio is presently 2,200.00%.

Insider Activity

In related news, Senior Officer Neil Reeder sold 15,279 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. In other news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’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 value of C$49,164.30. Also, Senior Officer Neil Reeder sold 15,279 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Insiders have sold 205,857 shares of company stock worth $789,779 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

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

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.