B2Gold Corp. (TSE:BTO) Announces Dividend Increase – $0.06 Per Share

B2Gold Corp. (TSE:BTO) (NYSE:BTG) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Tuesday, June 11th will be given a dividend of 0.055 per share on Monday, June 24th. This represents a $0.22 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Tuesday, June 11th. This is a positive change from B2Gold’s previous quarterly dividend of $0.05.

B2Gold Trading Up 4.7 %

Shares of BTO stock traded up C$0.17 on Thursday, reaching C$3.76. The company had a trading volume of 3,216,567 shares, compared to its average volume of 3,660,438. 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 stock has a market cap of C$4.89 billion, a PE ratio of 375.00, a PEG ratio of -0.27 and a beta of 1.13. The company has a 50-day moving average of C$3.58 and a 200-day moving average of C$3.88. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$5.74.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The business had revenue of C$697.07 million for the quarter. B2Gold had a return on equity of 1.18% and a net margin of 0.52%. On average, equities analysts forecast that B2Gold will post 0.3116987 earnings per share for the current year.

Insider Activity

In related news, Director Clive Thomas Johnson sold 91,552 shares of the company’s 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$343,320.00. In other news, Director Clive Thomas Johnson sold 91,552 shares of the company’s 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$343,320.00. Also, Senior Officer Neil Reeder sold 15,279 shares of the company’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. Insiders sold a total of 205,857 shares of company stock worth $789,779 over the last quarter. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank decreased their price target on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a research report on Monday, March 18th. National Bankshares decreased 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. Eight Capital decreased their target price on B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. CIBC decreased their target price 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, Stifel Nicolaus cut their price target on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Eight 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 an average rating of “Buy” and an average target price of C$6.10.

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.