B2Gold Corp. (BTG) To Go Ex-Dividend on December 2nd

B2Gold Corp. (NYSE:BTG) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.04 per share on Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Monday, December 2nd.

B2Gold has increased its dividend payment by an average of 13.3% per year over the last three years. B2Gold has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Analysts expect B2Gold to earn $0.44 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 36.4%.

B2Gold Price Performance

BTG stock opened at $2.89 on Friday. The firm’s 50-day moving average price is $3.11 and its two-hundred day moving average price is $2.91. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of -5.15, a PEG ratio of 0.55 and a beta of 1.13. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.50.

B2Gold (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. During the same quarter last year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts predict that B2Gold will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BTG shares. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. CIBC boosted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.12.

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.