B2Gold (BTO) Set to Announce Earnings on Wednesday

B2Gold (TSE:BTO) (NYSE:BTG) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.07 per share for the quarter.

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

B2Gold Stock Performance

Shares of B2Gold stock opened at C$4.60 on Monday. The firm’s 50-day moving average price is C$4.24 and its two-hundred day moving average price is C$3.93. The company has a market capitalization of C$6.03 billion, a price-to-earnings ratio of -27.06, a PEG ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 4.78%. B2Gold’s dividend payout ratio (DPR) is -129.41%.

Analyst Ratings Changes

BTO has been the topic of a number of research analyst reports. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Cormark lifted their target price on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. BMO Capital Markets lowered their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus upped their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$5.92.

Insider Activity

In related news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of B2Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total transaction of C$250,982.04. In related news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Director Clive Thomas Johnson bought 70,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were bought at an average cost of C$4.29 per share, for a total transaction of C$300,300.00. Insiders sold 87,449 shares of company stock valued at $384,111 over the last quarter. 0.66% of the stock is owned by company insiders.

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.