B2Gold Corp. (NYSE:BTG) to Issue $0.02 Quarterly Dividend

B2Gold Corp. (NYSE:BTG) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.02 per share on Thursday, March 20th. This represents a $0.08 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th.

B2Gold has a payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect B2Gold to earn $0.40 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 40.0%.

B2Gold Trading Up 5.6 %

Shares of BTG traded up $0.15 during midday trading on Thursday, hitting $2.81. The stock had a trading volume of 60,924,045 shares, compared to its average volume of 28,785,758. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The business has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.81. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.70 billion, a P/E ratio of -5.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.10.

Wall Street Analyst Weigh In

BTG has been the topic of several research reports. CIBC dropped their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.02.

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.